Anthony Neglia: Wait to Buy Silver (SLV, SIVR)
Anthony Neglia, president of Tower Trading, reveals why silver is currently trading more as an industrial metal rather than as a safe haven asset and how he’s handling the volatility. Anthony says that silver wears many hats, and at this time with the slow economy, it is wearing a more industrial hat and Anthony has a target low of $33.
See the full “The Street” interview below:
Related ETFs: iShares Silver Trust (NYSE:SLV), ETFS Physical Silver Shares (NYSE:SIVR), SPDR Gold Shares (NYSE:GLD), iShares Gold Trust (NYSE:IAU)