Silver Prices Today Riding Higher on these Four Trends
LONDON (Aug 17) After slipping nearly 40% this year by June, silver prices recently have rebounded, and now trade over $23 an ounce. Silver ended the week up 10% - at $23.25/oz.
This puts the precious metal at a level not seen since May.
There are several reasons for this move up in silver prices - reasons that will carry silver prices to $40 an ounce - and then $60 an ounce - by 2014. Reasons are short-covering; Increasing physical demand for silver coins, and; Global silver demand is increasing.