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SIIX

11/05/09 11:48 PM

#1662165 RE: Traderzz #1662161

thanks. recent silver bug here :) i think as gold gets more expensive, eyes might shift to silver. there is not a whole lot of it out there, and if a rush hits could get crazy.

Silver is a component for products ranging from batteries and semiconductors to solar panels and water purification systems. That means that there are more than just inflation concerns driving up the price of silver.

"There is such a high demand for industrial use of silver. So a lot of companies, particularly in Asia, are gobbling it up in order to get their economies growing again," said David Beahm, vice president of economic research with Blanchard & Co., a New Orleans-based investing firm that specializes in gold and other precious metals.


http://money.cnn.com/2009/09/08/markets/thebuzz/index.htm