posted on March 19, 2004 09:38:14 PM new
A few years ago I noticed a similarity in the rise & fall of prices on Crude Oil and Silver.
Silver seems to follow Oil prices. It was around $7.45 an ounce yesterday; Oil is high.
Anyone have any ideas on what the link is. Never seems to affect gold much.
posted on March 20, 2004 07:09:34 AM new
industrial demand for silver has risen due to worldwide economic expansion,same can be said for energy usage.gold has peaked for the time being,silver is poor man gold so it always lagged behind gold .
if you want to watch commodities moving together,copper and aluminium are better candidates than silver.
-sig file -------we eat to live,not live to eat.
Benjamin Franklin
