Thursday, May 20, 2010

Silver a 'Cheaper Entry Point' for Investors - CNBC

By: Michelle Lodge

While the price of gold has captured attention lately, setting new record highs, silver is a more affordable alternative for many investors considering a place for metals in their portfolio.

Silver offers a much cheaper entry point, according to Lou Grasso of Millennium Futures. "It's worth taking a look at," he added, noting that silver still has room to run.

Grasso believes silver, now priced about $19 an ounce, has lagged behind gold (on a percentage increase basis) and could rise to between $22 and $25 an ounce.


Read More - Silver a 'Cheaper Entry Point' for Investors - CNBC

No comments:

Post a Comment