August 28, 2014

Silver Above $34

The price of silver is finally above $34 once again. It’s been since early November the a troy ounce of silver has been above that price mark and now, when will it stop?

Gold as well has been moving up with the price getting above $1750 for the first time in almost as long. Again as we’ve mentioned previously inflation and poor economic conditions that drive people out of equities usually drive them into precious metals.

The other thing looks like its been strong economic pressure from emerging markets like China. New buyers could spark a drive up in prices. The drive up could happen Because there are more buyers with more money.