from Kitco NEWS
lass=”” >Silver has really stolen the show in the precious metals space, but one veteran trader says it may be best for investors to just sit and wait. “Silver could push a little higher but I would be very hesitant to bring new money here,” Todd ‘Bubba’ Horowitz, chief investment strategist for BubbaTrading.com, told Kitco News coming back from the long weekend. ‘You know I love silver but at this point, I think you’re much better waiting.’ Silver prices managed to spike to a two-year high over the weekend, hitting the $21.50 an ounce level, after slightly pulling back. September silver futures settled Tuesday up $0.319 at $19.907 an ounce. Meanwhile, gold continues to attract risk-averse investors, settling the day at $1,358.7 an ounce, up $19.70.
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