Silver has staged a nice rebound over the past week, and is currently trading around $86.70 per ounce.
A textbook parabolic move up to nearly $120, followed by a correction that dipped all the way to $72.
I believe the bottom is in. We may trade in a range between $75-90 for a while. A consolidation period would be healthy.
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But we may break out and search for new highs in the near future.
Silver’s looking good here. I don’t know whether it’ll take a month, or a year. Maybe longer. But in the long run, we’re headed to new highs.
Today, let’s cover a few tips on the best ways to invest in physical silver.
Two weeks ago a friend invited me to go to a local bullion and coin shop.
I’m always curious to talk with owners and managers about their business. It’s a fascinating time in the precious metals market. Prices have risen significantly over the past year, so many people have been selling their old jewelry, coins, and miscellaneous items.
It’s gotten so crazy that metal refiners have stopped accepting most scrap. Most will only take pure 99.9% metal.
Source: SGT Report
