It's fun to watch the price of silver and speculate. I find it amusing when people try to argue the price is unlikely to find a floor at $65 just because it dipped below it momentarily during one day of trading. I'm no expert and certainly don't know exactly what silver will do, but it's fun to see silver defying expectations.
When I saw silver had surpassed $80/ounce I couldn't help but smirk.
I'm enjoying the price discovery, and seeing it made me think of a line from Toby Keith, where he sings "How do you like me now? Now that I'm on my way?" It's a great song, so I'd encourage everyone to listen to it at least once:
It seems like silver has caught its stride again despite the temporary distraction with oil and the Iran conflict. If this can't stop it, imagine what price will do once the Iran situation is over? For now, we'll sit back and enjoy the show!
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