Silver Peeks at $14

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.

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