STAFF NEWS & ANALYSIS
The Trend Is Higher as Silver and Gold Move Up Once More
By Daily Bell Staff – July 14, 2016
Silver jumps 50 percent, but beware the devil’s metal … Silver prices have leapt nearly 50 percent so far this year, reversing three years of losses, but history shows investors hoping to hop aboard the bandwagon should be wary. –Reuters
Silver is back at two-year high as gold marks its first gain in five sessions, according to MarketWatch.
But you wouldn’t know about that from Reuters (see above). Silver moved up 32% from $15.94 an ounce on June 1 to $21.107 on July 4.
What other market has seen that kind of jump?
Reuters take: “[The moves] are still difficult to justify in economic terms, meaning buyers should beware of what traders call ‘the devil’s metal’.”
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