From Zero Hedge:
You know silver's doing well when the commentators start giving it the 'gold' treatment. Silver's recent rise has been so spectacular that it's caught many investors off-guard. It's natural to be skeptical when you don't know the fundamentals driving strong performance, and many pundits and commentators have been quick to downplay it as a result - much like they do toward gold when it enjoys a run.
Silver is also an awkward metal for them to categorize. Is it a commodity, a monetary metal, or both? And which side is driving demand? If it's industrial demand, that's OK, because that's bullish. But if it's investment demand for silver as 'money,' that's sort of bearish, isn't it? The fact remains that most commentators have failed to grasp the monetary shifts that silver is signaling today, and in doing so they've failed to appreciate just how high it could actually go...
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More from Eric Sprott:
Sprott: Silver to rise three times higher than gold now
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