Silver has been making moves again. You won't see it on any headlines, but the charts make you wonder. Is it poised to climb aggressively again?
Here's the 30-day chart. On 8/4 it was just shy of $60/oz. As of today it closed at $63.70. That's a $1/oz increase per day. Granted it fluctuated during that time, but it's been a while since we've seen a steady increase without the price being hammered back down.
It'll be interesting to see what happens next week. It'd be nice to see it continue to steadily climb, but then the uncertainty in Iran may throw a wrench into that even with how bad the job report numbers look. Gold is on the move as well, so hopefully it's a good sign. Have an exit planned if you're looking to sell, because we may not see a huge spike like last time, but we might be looking at the start of another run in price.
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