Silver moved about $14 a Troy Ounce early this week.

This is the first time in months the precious metal has advanced past $14. Silver has been on a steady climb ever since the beginning of the Holiday shopping season. Is it coincidence? Unsure as of yet.

But the shaky feeling investors are getting because of lower than expected early shopping results could have something to do with it. Either way, there is possible money to be made in the precious metals sector with the price of silver, gold and platinum all see an incrase in their per ounce price.

Troy Ounce Silver Price raced past $13 an ounce this week on it’s way to $14.

It is now more of a question of when rather than if silver will break the $14 mark again. In quite spastic trading earlier this summer (2006) troy ounce silver reached it’s highest levels in 20 years. Soaring past $15 a troy ounce. After the quick sell-off that followed that huge bull rally, silver has found itself back on the slow and steady climb that it was undertaking 2 years earlier.

The price of silver is being driven by many things, speculation being one of them. However, a few things that may allow silver to stay on this upward run is the fact that SLV, the iShares Exchange Traded Fund, is stockpiling silver to value against its Fund. And also the industrial booming that’s underway in China. Those two factors may keep increasing demand while supply hurrys to catch up.

Silver remains at the top of many watch lists as a commodity worth investing in and being undervalued.

technorati tags:Silver, Precious, Metal, Gold, Investing

Silver has got itself out to a good early start this week, looking at $13.50!

We recently reported that a troy ounce of silver moved past $13 for the first time in several months, and were elated. But now that it started the week out with a bang, up nearly 50 cents on early market trading, we’re going to be even happier to report when it hits $14 and ounce again.

We’ll be keeping you up-to-date as to why the sudden bull rush up the money tree is happening. Some think because platinum is creeping up on high demand and lower than expected supply us one reason. Or maybe it’s that the exchange traded fund SLV might be looking to add more shares and more silver to it’s stock piles. Or maybe the world is realizing that having money in something solid, like silver, that holds value, is a good thing.