Moriarty predicts a silver breakout following its significant price surge, driven by a shift towards hard assets amid growing concerns about the stock market's stability
Murphy states: "Now that we've seen one of the most explosive one-month rallies in silver, I will be thrilled. If we get through $26 for starters and then $30 are key."
The new statewide sales tax exemption on bullion coins, bars, or rounds (minted of gold or silver, but also platinum, palladium, or copper) takes formal effect on Saturday, March 23rd.
Imposing taxes on the exchange of Federal Reserve notes for monetary metals (i.e. gold and silver) has become an unusual and outmoded practice in the United States... only 7 states still engage in it.
While the price of silver is much more volatile, it generally correlates with gold over time. In fact, silver historically tends to outperform gold and a gold bull market.
Gold's quiet rally that began at the start of Globex trading in New York on Thursday evening was turned lower around 8:40 a.m. China Standard Time on their Friday morning -- and its low tick was set at exactly 11 a.m. CST. It then wandered quietly higher until at or minutes before the 10:30 a.m. morning gold fix in London -- and was sold a tiny bit lower from there until the jobs number hit the tape. The gold price went 'no ask' -- and 'da boyz' appeared in seconds -- and had the…
When gold steals headlines, it's easy for silver to disappear into the background. But this is when it’s even more important to pay attention to the silver price.
