The price of Silver has been highly volatile this year and the Silver above shows the impact of those proclaiming they can drive Silver prices to $1,000 an ounce. They’ve got a long way to go, as you can see at the close Wednesday, February 3rd.
Keep watching the Silver price. We feel that the $30 resistance price of Silver could be breached in the coming weeks. Once Silver can move past $30 an ounce we can see it moving quickly toward the all-time $50 high before year’s end.
While it sounds like a lofty goal to hit $50, since the first of last year (2020) Silver is trading up 49%… great performance over 13 months!