Is Silver Out of its Slump?

Is silver making a move back up the ladder it jumped off of late last month?

The dollar lowered, the stock market is rebounding, and Iran is still enriching uranium. Aside from the stock market rebounding the other two indicators, although might be downers for some, for precious metals like silver they’re great indicators for a possible boost in silver and gold prices.

Precious metals tend to follow the value of the dollar and troubled times. As the dollar goes down people want to put their money in a safer place such as metals that have always held value as a medium of exchange. Also in troubled times people want safety and safety is found in precious metals like silver.

Three days straight both gold and silver have edged further ahead and look to have started off London trading ahead of yesterday.