February 5, 2012

Silver Holds After the Fed Lowers Rates

The price of a troy ounce of silver is remaining around $16 even after the Feds came out yesterday and extremely lowered rates saving a potential disastrous day on Wall Street.

Silver and gold are sticking around and keeping your money in them right now could be a good thing. They hold real value and with the markets so volatile, may be the place to put your money.

Another thing to look at is how China will effect the price of silver and how their use of the precious metal will affect the price of a Troy ounce. With less silver on the market, if China buys and buys, the price should go up because of the need for silver.

Only time will tell, but silver may still be a good investment even at these long time highs.

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