22 www.resourceworld.com
o c t o b e r / n o v e m b e r 2 0 1 4
I
s now – fall 2014 – a good time to invest
in silver? If so, what are the best ways
to invest in the precious metal? And can
we expect the price of silver to be higher in
the future? Lower?
To find out the answers to these and
other questions related to the outlook for
silver, Resource World asked two of the sil-
ver world's most prominent experts, David
Morgan, founder and principal of Silver-
Investor.com in Spokane, Washington,
and Bradford Cooke, CEO and director of
Vancouver-based Endeavour Silver Corp.
[EDR-TSX; EXK-NYSE], a company with
three silver mines in Mexico.
David Morgan says silver is a safe haven
asset, because it lies outside the vola-
tile and unpredictable financial system.
"Investing in the physical asset is the best
way to invest in silver," said Morgan. "You
can invest in such tangibles as coins, bars
and bullion. They're available from coin
dealers and from dealers on the Internet."
Morgan says now is a good time to
invest in silver. "Silver is near its cost of
production, and in some cases even less,"
he said. "You can get some good deals."
Looking ahead, a flat supply and an
increase in demand for industrial and
investment silver will cause the price of the
metal to rise. "Beginning some time in fall
2014, the price of silver will start to go up,"
he said. "And I expect the price of silver to
hit its peak in the next four or five years."
Morgan says silver investors need to
use a method when trading. "Some people
like to be guided by technical indicators,
but there is no single indicator you can
rely on all the time," he said. "Wait until
the market reaches a certain volume, and
that should tell you if it is about to go up
or down. Then buy or sell. If you use a
system such as this one, it will lower your
level of risk most of the time."
A little-known fact about silver is that
much of the supply comes from scrap.
"Without scrap, silver would be in defi-
cit supply," Morgan said. "It provides a
very significant 200 million ounces per
year." Much of the scrap comes from
obsolete electronics, which have many
Precious metals experts
– silver outlook is bright and shiny
by Peter Caulfield
exPeCt the PRiCe oF SiLveR to RiSe in aUtUMn 2014
