In our last article we wrote of the price of silver reaching $18 a troy ounce. $18!

Now silver, in one day, has surpassed the $18 mark and shot right past $19 reaching $19.30 in around the world trading. We here at Blog Silver definitely believe that the price of silver, per troy ounce, will reach $20 and keep on moving. With the price of gold rising rising and rising with no end in sight, silver just seems like it’ll keep on track with it.

Silver is your way to get into the precious metals market without breaking the bank. And if the gold market is any indication of where the silver market is going, silver is definitely on the rise!

Silver, per troy ounce, is up to $18 a share, surpassing highs that it hasn’t seen for more than 25 years. Shares of the ETF, SLV, is up 20% this year to $179 a share. Silver is on the rise following golds all time highs.

We here at Blog Silver have been tracking silver for a while, and have been very bullish on silver both with the dollar declining, and with China expanding with the rest of the world, silver is looking like an easy way to get into the precious metals market. It might be tough to get into the gold market, with the price of gold being over $900 per ounce, silver is much easier being under $20.

With silver being included in a lot of computer parts, and the rest of the world catching up to America in terms of technological advancements, the world will need a lot of metal to keep up with all those advancements. One of those metals, easy to get into, is silver.

It happened, with all this writing about silver heading past $17 and ounce it finally happened. Although it did retreat back below $17 to the high $16 per troy ounce, silver saw 17 and it’s only a matter of time before it creeps back above, or so you would think…

With the economy showing strong signs of not knowing what the heck it wants to do, you’ll begin to people pulling their money out of the stock market and putting it into safer investments. One of those investments, as it has historically been, is precious metals like gold and silver.

With China and other developing nations gobbling up commodities lowering the available supply out there, with ETF’s like SLV making it easier for individual small investors to buy precious metals, one would think the price of silver would rise.

We think it’ll go to $20 soon enough, and if you’re looking for a good play outside of the world of stocks and bonds, you may want to look into buying silver.

The price of silver edged closer and closer to $17 a troy ounce at the close of last week. The world economy is still fairly volatile but the price of precious metals remains a pretty fairly bullish market, continuing the run that started over two years ago.

As earnings come out for several large companies in the US the dollar, and more so the US economy will help dictate if the world still wants to keep it’s money safe in things like precious metals (although not always that safe).

Time will tell if the price of silver can surpass the $20 mark, which doesn’t seem too far fetched as the demand continues to grow around the world in newly developed nations such as China, and with the economy still so volatile.