May 17, 2012

Buy Silver Now? $19 an Ounce

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 Booming, Up To $18 an Ounce

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.