Silver Could Be Best Investment in 2018

Cassie Bastien

3/5/2018 9:17:43 AM

Daily Gold & Silver Market Report – 03/05/2018

Investing.com Editor Steve St. Angelo said the Silver metal “will turn out to be one of the best investments to own as the massive amount of leverage in the stock and real estate market evaporates.” Long-term investors typically notice when an asset transitions between high/low risk and move their portfolio around to adapt. Whether you are a new Precious Metals investors or have been investing for quite some time, it is no secret market prices rise and fall. However, when investing in Silver, St. Angelo says the time to buy is actually during the low risk, which he says, “we are closer to forming a bottom than a top.” Therefore, the current spot Silver price is the low-risk asset to purchase and hold while U.S. residential real estate and stocks are high-risk assets to sell.

Gold Investors Turn to Safe-Haven Assets

Investors have turned their attention toward safe-haven assets with the help of lingering political uncertainty in Italy and what BusinessDay explains as “fears of a potential escalation of a simmering global trade war.” Furthermore, U.S. currency slipped from its six-week high seen March 1, after President Donal Trump announced plans to levy hefty tariffs on aluminum and steel imports. As we know, a weaker dollar tends to support Gold prices, making it cheaper for holders of other currencies. Spot Gold was up 0.3 percent Monday morning and many investors are confident the Gold price today will continue to rise.

Investors Concerned About Possible Global Trade War

A report by Reuters said many investors are concerned about the increasing possibility of a global trade war following President Trump’s threat to impose hefty tariffs. Monday morning saw the Dow Jones industrial average fall 0.58 percent while the S&P 500 dropped 0.47 percent and NASDAQ dropped 0.46 percent, according to reports from Reuters staff. What does this mean for alternative investments such as cryptocurrencies and Precious Metals? Buyers and traders alike are looking for an alternative for their investments to diversify their portfolios.

At 10:17 a.m. (ET), the APMEX Precious Metals spot prices were:

• Gold, $1,322.60 Down $2.30
• Silver, $16.45 Down $0.10
• Platinum, $959.70 Down $7.40
• Palladium, $981.80 Down $13.90

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