Time is fast running out to buy silver and silver related investments at the current bargain basement prices and that if you are minded to do so, you had better get on with it.
Despite the gain, a big breakout above $26 still seems far away for silver...although with another week like this past one, we could soon break it down.
Worldwide silver demand is expected to rise 1 percent owing to a projected record high in industrial demand and a turnaround in jewelry and silverware offtake.
The accuracy of publicly available silver inventory statistics is questionable. Should the deficit between output and consumption persist, it is hard to see how the silver price won’t climb.
