By Brian Hunt in DailyWealth:
If you're a big gold or silver owner, today's chart is a reason to smile.
Last week, we noted how the price of gold has displayed major reluctance to decline in the past year. There is simply so much interest from Asia and huge institutional investors that budding declines are overpowered by waves of buyers. This brings us to a recent buying wave for gold's precious-metal cousin, silver...
Silver is a schizophrenic asset. It is viewed by some folks as a "real money" safe haven, like gold. But it's also used in industrial production... so it tends to trade in line with economically sensitive commodities like copper and crude oil. Here's where it gets interesting...
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More on silver:
What you need to know about buying silver today
How you can buy precious metals at a substantial discount
Top commodity analyst: Silver could surge to highest price since 1980
