52.74%. That's the gain silver has made in one year (at the time of this post). Spot silver is at $28.73, is up $3.89 in the last 30 days and $9.92 in the last year (52.74%).
The U.S. Mint reported production of 4,260,000 Silver Eagles in November, the highest of any month in 2010. With the 42,000 already produced in December, the year-to-date total stands at 32,932,500 Silver Eagles. This market is not slowing down one bit. I hope you have some physical silver in your possession.
A few recent silver articles caught my attention that you may find of interest. The first is by Jim Wyckoff of Kitco News titled "Silver Bulls Powerful; May be Much More Upside Price Potential". This short but interesting read can be found here.
The second appeared on the CNBC web site and is titled "Silver Prices Surging on Near-Record Demand". That article can be found here.
The last is by James Turk (Free Gold Money Report) and is titled "The precious metals power higher". In this article he states "When gold and silver eventually become overvalued at some future date, you won’t “sell” your metals; you will “spend” them." You can find this article here.
Thanks for reading.
Thursday, December 2, 2010
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