Bergmann & Co International – Will Silver Prices Catch Up to Gold?

FOR IMMEDIATE RELEASE
Lakeville, Minnesota, United States of America (Free-Press-Release.com) September 23, 2011 -- “Bergmann & Co International”: has told clients that silver will resume its upward trajectory before the end of the year.

Many investors suspect that silver’s surge in price to all-time highs earlier this year was a one-off fluke fueled by speculators but Mr. James Carter at Bergmann & Co International believes otherwise, “There’s little doubt that silver’s been relatively mute compared to gold but, in our view, it’s merely been consolidating before a more sustained push towards the recent highs.”

Some analysts believe that silver has been performing like an industrial metal rather than as a precious metal.

“There is evidence to suggest that silver’s dual-categorization as both industrial and precious metal may have a lot to do with its failure to follow gold up. Data is pointing to a definite slowdown in global growth which has implications for a metal with so many industrial applications,” said an “Bergmann & Co International” research analyst.

Silver eclipsed its all-time record of $50 an ounce in the first half of 2011 but its meteoric rise was halted by CME Group’s decision to raise margin requirements for those trading silver contracts on its COMEX futures exchange. The decision resulted in silver’s price plunging by more than 40% is a matter of days.

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