Sunday, February 16, 2014

Silver's Impressive Breakout.

Silver is nearing the $22/oz level as I write this post. Furthermore, the reported volume is increasing and the price is threatening to become parabolic.



Silver miners have already been increasing, some as much as 50%.

Unlike in the case of gold (where vaulted gold could be rehypotheticated), there is little reserve supply of silver. Thus, prices should increase until there is an equilibrium between supply and demand.

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