Is Now A Good Time To Invest In Silver?

If you’ve been waiting on the sidelines to invest in silver you may be thinking that perhaps you missed the boat and the best time to invest in 2012 has passed. The price of silver has risen significantly since the start of 2012 and you’re probably kicking yourself if you didn’t invest at the start of the year. But many analysts still think there are significant gains to be made investing in the white metal.

David Morgan, publisher of Silver Investor still thinks that silver will rise above $50 per oz in 2012. There is also a chance that it may reach $65/$70 per oz before the end of 2012. So silver may still be a very good investment for 2012. The demand for this precious metal is expected to rise sharply as manufacturing begins to ramp up, especially in eastern countries like China. That can only push up the price further. Combine that with investors fears over a european debt crisis and silver looks like even more of a good investment right now.

The question for many potential investors is how to invest in silver. Indeed there are many ways to invest both directly and indirectly including silver bullion, silver coins, silver mining stocks and my personal favorite silver exchange-traded-fund or ETFs. Whichever vehicle you chose to invest in you should always be aware of the advantages and disadvantages of that particular method of investing. Speak to an independant financial advisor if you are uncertain about investing in precious metals like silver before taking the plunge.

If you’re a more seasoned investor and know the risks of investing in precious metals then you’re probably already invested or getting ready to invest. The question is when to invest. Do you wait for a downturn or buy on the rise. My advice would always be to buy on the rise but not get too greedy and cash in profits early. If silver does rise above $50 per ounce I will be taking a profit on 50-75% of my silver portfolio which includes silver mining stocks and ETFs.

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