Monday 6 December 2010

Silver reaches 30-year high!

Silver reached $ 29.91 an ounce this week, making that the highest price since March 1980. The metal is up 75% this year increasing its role as a substitution product for the expensive metal gold. Investors are continuing to see more value in silver, which proves my previous prediction from my last post in October when the price of Silver was at
$ 23 per ounce.
With the Euro zone debt crisis still in play, the support for Gold and Silver is very strong. Furthermore the recent comments from Ben Bernanke on quantitive easing are keeping the liquidity tap well open!

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