The consensus of market experts with regards to silver in 2011 goes something like this: silver prices are generally expected to stay hot in 2011 – though not without troughs – after dramatically outpacing gold prices in 2010.According to Jefferies analyst Michael Dudas, silver prices should “achieve higher highs and greater lows in the next 12 to 18 months” driven by monetary, supply-demand and technical drivers. The prediction comes as BullionVault announces that its online gold and silver trading business grew nearly 29 per cent by volume to $1.33-billion (U.S.) in 2010, while customer numbers increased to 21,000 given the increased appetite for safe-haven and alternative investments.
In light of this, TheStreet sat down with numerous silver stock analysts and market watchers to arrive at six stocks the experts say they would buy during the expected silver price dips – in hopes of later benefiting from anticipated silver-price spikes in 2011.
Silver Wheaton (SLW-T33.19-0.92-2.70%) is considered to be one of the most stable silver stocks due to its unique and stable business model. (more)
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