At the close of trading today, the silver price surged by nearly $2. According to Kitco.com, silver closed at $24.72, up $1.91 for the day. I can’t remember the last time silver jumped nearly $2 in one day. Of course, last Tuesday and Wednesday were big days for silver, but…
Something BIG happened to silver this week. Due to certain positive indicators, I believe silver is now in a new Bull Market. It has been seven long years since the silver price was $23. And with the current momentum, we may see another leg higher this week. In my newest…
As the silver price surged nearly $4 this week, premiums on Silver Eagles also increased. Due to the high demand for Silver Eagles, the premiums for the coins are still the highest versus competitors. This is part of the reason that Silver Eagle sales in July are much lower in…
As the Fed and central banks continue to prop up the global economy with massive monetary stimulus, investors are just beginning to move into the precious metals to protect wealth. In the first seven months of the year, investors have already purchased three times the Gold Eagles that were sold…
With the silver price closing at the high of the day, with an extremely bullish technical indicator, it now has the Green Light to move higher. Of course, nothing goes up in a straight line, so we shouldn’t be surprised if silver experiences a correction or consolidation along the way….
By the close of trading today, it will set the short-term trend for the silver price. If this technical indicator is positive, silver will likely continue higher tomorrow. However, if it turns out to be a negative indicator by the end of the day, then it will point to a…