Hi Friends,
As you likely know, silver has struggled over the last few days, dropping from the $29s to the $22s quite quickly. Here is the chart:
Of course, silver went on a tear going from $17 to $29 in a short time span, so the current price is still good relative to recent years, but is certainly a step back from the $50 people were calling for.
Gold prices have dropped, but not nearly as significantly. As of the time of this post, the spot price for gold is a strong $1,860 per ounce.
Where do you think silver is headed in the short and long term?
Thanks for coming by,
Brian