Why You Shouldn't Write Off Silver Just Yet - Veteran Trader

KITCO NEWS - Although silver is taking a cue from gold this week, falling to levels last seen in June, one veteran trader remains bullish on the metal. "I think it's one of the best hard assets to own. It's got so many good things going for it. You want to own it and you want to be a buyer of it," Todd 'Bubba' Horwitz, host of the Bubba Show and founder of BubbaTrading.com, told Kitco News Wednesday. Like gold, silver prices hit new 3.5-month lows Wednesday with December silver Comex futures settling at $17.695, down 0.45% on the day. Although Bubba said he wouldn't be surprised to see prices fall to the $17 an-ounce area, he said it would present a good buying opportunity for investors. "There is no reason not to own silver and $17 would be a solid level."

This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.