Should You Invest in Silver Bullion?

Above, the current COMEX silver spot price.

Silver is currently over $33.00/toz. This is good news for silver investors who bought the precious metal when it was down in the lower $20s.

Is silver a good investment? 

There's an old saying, "Buy low, sell high." That certainly applies to silver today. I bought plenty of it while it was low. But I am holding on to it as the spot price has been up for the past several weeks.

Investing News takes a look at the pros and cons of investing in silver. 

They begin with:

Investing in silver bullion has pros and cons, and what’s right for one investor may not work for another.

Interest in the silver market tends to flourish whenever the silver price increases, with investors beginning to wonder if it is the right time to add physical silver to their investment portfolios.

While silver can be volatile, the precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven investments can offer protection in times of uncertainty, and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.

With those factors in mind, let’s look at the pros and cons of buying silver bullion.

To read more, go here. 

By the way, the U.S. dollar is under threat by the BRIC alliance. That's a good reason to invest in precious metals. To find out more, go here.