Thursday, February 24, 2011

Silver Getting Volatile

Silver has jumped in the last 10 days to new 31 year highs of $34 and change. Today after a gentle downward trend the bottom fell out and spot price is currently at $32 an ounce. We should be excited because although this bearish move means a loss of $1.50 on the day it also shows volatility. As silver pushes further in it's bull market volatility will surely increase.

No comments:

Post a Comment