Where to invest as silver heads higher

MoneyWeek has been keen on silver for a long time - we first tipped it back in 2004. Since then, the metal has more than doubled. Has it peaked?

When silver first made the cover of MoneyWeek back in March 2004, it had already risen 60% in one year and most analysts thought our bullishness was insanity. Since then, the metal has more than doubled, flirting with $15/oz before slipping back to around $12/oz during the broader market correction.

But after such a good performance, many investors are asking whether the market has seen its peak. It may look like a fair question, but the answer is an emphatic no'. Silver is headed far higher. To see why, let's take a look at the supply and demand fundamentals, study what's driving the market today and then make some predictions for how high prices could eventually get.

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