Silver at $13.37!
The price of silver is continuing to push higher nearly every day.
I am also delighted to see that silver is continuing to outperform gold.
The thing I think we have to keep in the back of our minds though is that Silver does best near the end of commodity bull markets. Now, I still think we have 2 or 3 years left in this huge bull market but nonetheless, we must keep our eyes open for any signs of the end.
I was reading some commentary that suggested that Silver may fall on the announcement of the ETF and thought that was impossible. However, now that we have gone up so much, perhaps a 1 or 2 dollar fall doesn't seem out of the question.
This would probably be just a little pullback.
But, the other thing that could possibly happen would be a exponential motion upwards. That's exactly what's happening with uranium anyways...
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