From Bloomberg: Silver is punishing investors amid diminishing trust in
precious metals as a store of wealth and concern that growth is weakening, with
$5.2 billion erased from the value of their near-record holdings this year.
Investors expected silver to be one of the biggest gainers
in 2013, with a 33 percent return, a Bloomberg survey in December showed.
Instead it’s leading a retreat in commodities with a 28 percent plunge to
$21.79 an ounce, on track for its worst performance since 1984. While the
median prediction from 14 estimates compiled last week is for a rally to $23.50
by Dec. 31, that would still mean a 23 percent drop for the year……
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