Friday, December 17, 2010

Silver Wheaton (NYSE:SLW) Pressured Lately Even in Bullish Silver Market

Some people have been scratching their heads over the behavior of Silver Wheaton (NYSE:SLW), as silver is gaining even more favor in the market, and has even been identified as the probable best play of the next decade.

But it's not really that difficult to understand, it's simply the price of silver and talk has largely been priced into the stock, as anyone can see who looks at a chart of Silver Wheaton's performance over the last year. It just doesn't get much better than that, it a pullback was expected by those following the company.

That's not to say there won't be a resumption in the share price of Silver Wheaton rising, it just needed to take a breather while some took profits and to prepare for the post-Christmas season.

Everything is pointing to an extraordinary jump in silver prices, and the least not being gold's own rise, which silver has been lagging for some time, but seems to be narrowing the gap at a sustainable level.

Silver Wheaton will resume its upward run. To how high no one knows, but it's not through yet, as many silver investments aren't. A number of them are really just getting going, while Silver Wheaton has been in the race for some time.

Silver Wheaton closed Thursday at $37.35, down $0.56, or 1.48 percent.

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