Trading Forex in Baskets to diversify trading risk for both, speculative trading or hedging Forex risk by 
A slightly different story about silver.
For non-dollar traders the results are different in Euro’s compared to USD results.
Looking at the silver price, in this case silver ETF quoted in US Dollar we are more or less back at the levels of early 2007 with a top in the beginning of 2008.
The same was happening in the silver price in Euro’s, so not a big deal.
The charts below can be used for different purpose depending on your home currency.
The top chart we see the red line SLV in US Dollar and the blue line SLV corrected for the EUR/USD.
The middle pane is the EUR/USD.
The bottom pane we see the different between Silver in US Dollar and EURO.
As we see it’s also a good indication or 2e opinion what the EUR/USD is doing in real terms.
Of course silver has it’s own live but can be very interesting when currency markets are volatile.
[...] http://blogs.fxstreet.com/forexhedge/2009/02/14/silver-in-euros/ [...]