Thursday, February 24, 2011

Silver best-performing asset over last 5 years

Sidhartha, TNN, Feb 24, 2011, 01.34am IST The Times of India


NEW DELHI: Looking for the best returns on your hard-earned money? Call up any market player and the advice you are likely to get is to invest in silver.

The precious metal has emerged as the best-performing asset both over the last 12 months as well as over the last five years, comfortably outpacing gold, the traditional favourite.

"Silver is the new gold," confirmed Jayant Manglik, president of brokerage firm Religare Commodities.

The metal has already surpassed projections for 2011 that were in the region of $30 an ounce.

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