With the US currency declining in value, 2012 has been a positive year for commodities priced in dollars. Twenty-one out of twenty-nine of the front month commodities futures that we track are in positive territory for the year. With a gain of 20.9% since the beginning of January, the best performer of the lot has been silver. Here's the top 10:
Silver prices are rebounding from a rough finish in 2011 and are now hovering at a level that they were unable to break through back in the beginning of November.
We haven't been able to come up with any obvious reasons for why silver is outpacing most of the other commodities.
This article from Daniels Trading indicates that there's been an uptick an industrial demand but we haven't been able to independently confirm that fact.
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