Last week's report from the U.S. Bureau of Labor Statistics suggests that the employment picture in the U.S. may be stabilizing. This news, in turn, is leading to the belief that the Federal Reserve may begin to considering slow the rate of quantitative easing, thus bringing inflation concerns further in check. These developments have led to dollar strength and further weakness in precious metals. The SPDR Gold Trust (NYSEMKT:GLD), the gold ETF, and the iShares Silver Trust (NYSEMKT:SLV), the silver ETF, are each down sharply this year. Still, industrial use of silver can lead to the conclusion that an allocation to silver remains important.

In the following video, contributor Doug Ehrman discusses macroeconomic factors driving silver prices and why Silver Wheaton (NYSE:SLW) remains one of the best ways to get exposure to silver.

Fool contributor Doug Ehrman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.