Right now Apmex says $19.85 an ounce. Quite the upwards bounce. Are investors fleeing to metals due to Brexit anxieties? Ah - other sources are saying that bond yields have dropped to dismal levels so investors have shifted to metals.
1. Brexit (which is just one example of how fragile EU is. More countries soon to exit??) 2. US elections 3. ISIS attacking everywhere 4. Treasury not raising rates again 5. Out of control National Debt (4 & 5 go hand in hand) $20 silver is a bargain right now We've now seen the strong push of the continuation of an upward trend. Anyone who trades or has traded knows these macro trends last a looong time. I don't know if we will see a retest of the $49 high within the next 5 years, but I do believe that $30-40 is a very good bet.
Wish I had a larger war chest to go in on. Sold a lot of mine in May when it was at $17.50. Now I'm scraping together as much as I can to keep up but staying in the realms of what I can afford. I am pretty new to silver investing but $20 does seem like a bargain. Keep buying if you can!
Coinflation's feature headline still says "Here Comes $20 Silver!" -- looks like they may need to change it to "There Goes $20 Silver".
I bought Friday on-line. Have to wait til Tuesday to buy again because I have to purchase and Mail check the same day when I buy online.