Silver Soars to 30 Year High

After a brief consolidation below the 50 day moving average in late January, silver resumed its uptrend with a vengeance. The London PM fix price for silver closed at $31.94 up from $30.00 the previous week. Since late January, silver has rocketed $5.50 for over a 20% gain.

 

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20% seems to be a good gain. And going up the $1.94 in a week sounds pretty good to me!

 

It means you have a small investment in silver.So this may be the time for profit booking!