Gold has been the big buzz for the past year with catalysts such as the European Debt Crisis and lower U.S. dollar index driving the yellow metal onwards and upwards but another precious metal has been vastly overlooked, Silver.
Kuala Lumpur, Malaysia -- (SBWIRE) -- 10/23/2013 -- Silver is not the biggest market sector and therefore it is more affected by oscillations both positive and negative than the considerably larger gold market.
As options expiry approaches it is important to stay committed and not sell your holdings. If you have gone the whole hog and taken delivery off the physical metal then hold on tight and don't be tempted to give others a bargain price by selling now.
We are unlikely to see the dollar index decline much and this is never good news for precious metal traders.
Sarah McBeal, a Senior Strategist at Ameer Global in Kuala Lumpur, Malaysia says "if we hold off we are bound to see a heavy move north in silver prices. To sell now would be nothing short of ridiculous. Also Oil derivatives are a very good buy at the moment.
Sarah goes on to say - "At the end of the day, as an asset class, we have seen one of the best performances over the past decade and nothing suggests that this will not continue."
Disclosure: Sarah McBeal and Ameer Global hold several call options in silver and oil derivatives with various expiry dates.
Ameer-Global.com was set up to provide commodity trading accounts to both retail and institutional investors in almost 80 countries. Sarah McBeal has been working in various financial companies over the years, she started her career as an advisor with Lloyds Bank in London and she moved through various ranks to reach the position she holds now with Ameer Global in Kuala Lumpur, Malaysia.
To open an account or just for more information about forex and commodity trading please visit their website at http://www.ameer-global.com
Risk Disclosure: Past results are not indicative of future performance. Commodity and Forex trading is not suitable for every investor and as such only risk capital should be used.
Press Release Source : AB Newswire
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