The price of silver, per troy ounce, has been dancing around $20 this past week as the dollar continues to weaken and investors look to safer investments for the time being.

The following, pulled from an article on Money.com Jon Nadler, a senior analyst at Kitco Bullion Dealers in Montreal

He says it is “not inconceivable” to see gold prices reach $1,000 an ounce before the Federal Reserve meets on March 18, depending on what sort of economic data is released between now and then.

Gold at $1,000 a troy ounce. What then is Silver’s $1k mark? Is it $20, is it $25, or could it even be going to $30!!!

I’ll put my money on silver settling around $22 a troy ounce by the end of the month. That’s almost doubling it’s price in the last 5 months. As the market gets more and more volatile investors will need safer places to put their money, and with the dollar looking weak and continuing on that trend, precious metals just seem like the right place to go.

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.