Silver is currently up .82 at $43.02/oz. This is another ground breaking day for the precious metal as it continues to trek towards the 1980 high of $50.36.
Fears remained and increased as Moody’s once again downgraded Irish debt to just above junk status. The U.S. continuing it’s offer of cheap money has investors worldwide escaping paper currencies and running to physical metal.
History is repeating itself it seems, as gold and silver appear to be revaluing themselves against the fiat currencies of the world.
The window for profits is closing for silver, if you have not got involved yet, time is of the essence at this point to show a healthy profit.
Don’t let the higher prices keep you out. As we have said here before, it’s not that the metal is going up in value, it’s the paper currencies of the world losing it.
Silver closed for the day at $43.07.
Everytime silver has closed at a high this year, it has always continued the run the next trading day.
It’s been a fun ride, let’s continue on up as there does not seem to be anything in the way towards $50 silver, except for some rumored profit taking at $45.