Navigating the Silver Mania: Exiting Long Positions May Be Prudent

From seekingalpha.com

Let me begin by saying that to this point I’ve been an unwavering silver bull for the last couple of years. Two key factors make silver appealing. As a precious metal, it provides hard asset protection against inflation and the declining value of the U.S. dollar. And as an industrial metal, it provides exposure to increased demand from the global economic recovery. I began buying silver via the iShares Silver Trust (SLV) back in April 2009 at just above $12 and continued to buy through May 2010 at just above $17. And I remain long silver today. Despite all of my enthusiasm for silver to this point, the time may be ... (full story)