Silver: A replica of money
Silver is in a bull market and hasn’t seen any overly enthusiastic investment yet. The price rose sharply over the past few years, from $5 in 2002 to over $20 today. For full story, click here
Silver is in a bull market and hasn’t seen any overly enthusiastic investment yet. The price rose sharply over the past few years, from $5 in 2002 to over $20 today. For full story, click here
May silver futures closed up 19.5 cents at $12.91 an ounce yesterday. Prices closed near mid-range yesterday. The key outside markets were auspicious for silver yesterday–solidly surge in crude oil prices, a weaker U.S. dollar and a rebound in the U.S. stock market. Bulls have the overall near-term technical advantage. For full story, click here
Precious metal prices have demonstrated a clear rally, and a fairly gentle and sustainable one, rather than a price spike. For full story, click here
BMO Global Commodity Strategist Bart Melek thinks that factors are in place “to keep the silver bull running for the next three years.” Melek said: BMO expects gold to be a strong performer for at least the next three years, with silver following suit and perhaps even outperforming gold. For more information, click here
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