Buying silver, silver mining stocks, and silver ETF trusts has been on everyones minds lately as the price of silver and olther precious metals like gold and platinum continue to rise. Talk about deflation, inflation and all the other economic indicators that could move these metals is really whats fueling the push.

Well that and the fact that most analysts are talking about the world economy staying steady rather than declining. If the world economy continues to move towards a better outlook, and the worlds manufacturers continue to produce more product, silver, one of those items in a lot of products, will continue to move north.

Now, the big question is, will the price of silver continue it’s ride towards $30? It’s touched the mark today settling back just below in the high $29 as trading in New York is coming to a mid-day point. Now one of the fast becoming “best indicators” of the price of silver that a lot of lay-investors are turning to is the iShares Silver ETF NYSE: SLV. So we might want to start there.

SLV is a silver trust that you can trade like a stock as an ETF. Everything in it is backed by silver stored in some vault in London (so we’re told). Today, there was heavy heavy volume on SLV making the trust jump almost 2% to $29. Will it continue as silver futures rise? Good question.

Obviously we don’t have the answer but if it’s like other stocks lately, something has usually been providing a push to raise the price on heavy volume, while just a few days later something else provides a bit of a push to move the price right back down.

But as we’ve observed with gold, the price of these metals are going up up up, so who are we to think otherwise?

The price of a troy ounce of silver flirted with $28 today before closing just below at $27.61. This is following worries about China, inflation, deflation, you name it, and it seems like investors are worried about it.

Or at least thats what us followers are reporting on. But in reality…

The price of price of gold and silver have jumped because certain mining countries are having their workers go on strike. Places like Chile and South Africa, two of the biggest producers in gold.

Gold futures for December delivery rose $5.50 to close at $1,357.80 an ounce
Silver futures for December delivery rose 28.2 cents to close at $27.461 an ounce

Just from this article alone you can see all the discrepancy in pricing.

The price of an ounce of silver is up almost a dollar today! Forget gold or platinum, silver is on a run and has a lot of room to move. If you look across the board, silver is the only precious metal (unless our research is failing us) that has not reached it’s all time high!

Now this of course isn’t adjusting for inflation, but in 1980 the price of an ounce of silver was $49.45. Now granted that was a wacky time, there was price manipulation by Nelson Hunt and Herbert Hunt, but still… Oh yeah, I guess we should mention that it quickly went back down to $10 an ounce.

But even that, at $10 an ounce in 1980, when adjusted for inflation would be worth just over $26. Does that mean that today’s price for silver of just over $26 is the same as in 1980? We think not. Give the moves that gold and platinum have made over the past year, the price of silver should be much higher.

But hey, what do we know…

Well, it’s happened to gold and now it’s starting to happen to silver. Of course the last time we saw the price of silver approach historic highs, we saw some big pull backs. But will this be the same?

I don’t think so. It looks like the price of silver if finally starting to catch up to the rest of the precious metals world and break it’s old price barriers. Of course, with inflation the price of silver is still way way below it’s historical price peak.

Keep your eye to. $20 an ounce just looks like the beginning.

The Price of silver is on the move and how coul dyou not want to get in? The price of silver has been pretty volatile lately along with other precious metals such as gold and platinum. Those metals shot up last year while silver had overall large percentage increases but remained relatively cheap when it came to what you would pay for an ounce of silver.

Unlike gold and platinum however, silver remains below it’s all time high. Which, could mean it’s ready for a breakthrough of some sort. If you’re willing to believe that, even though the recent run-up has taken silver to almost $20 per troy ounce, you still may want to get in.

This could be even more sound investing if the markets continue to sway back and forth like they have for the past few months. No one knows what this uncertainty means. But one thing is certain, precious metals like silver continue to see their prices on the rise.