Silver Breaks Out Above $21, What’s Next For Investors?

July 22, 2020

The long-awaiting day has finally arrived.  After five long years, silver has finally reached its previous high of $21 set back in 2016.  So, now that the silver price has reached and broken through the $21 level, what’s next for investors?

Before I show the charts, let me clarify the difference in silver prices shown below and on Kitco.com.  Kitco.com uses the London Metal Exchange (LME) silver price quotes that are approximately 30-40 cents less than the silver futures on the U.S. based Chicago Mercantile Exchange (CME Group) that Investing.com (below) and Stockcharts.com uses for silver price charts.

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Yesterday, I was quite busy on my twitter feed, providing updates on the silver price.  Here were a few of my Tweets during early trading yesterday:

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US silver mining began on a large scale with the discovery of the Comstock Lode in Nevada in 1858.

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