Is $100 per ounce silver
possible in 2010?
These types of sudden upward moves in silver usually happen after a gradual correction downward, and they tend to take the inexperienced metal investing public by surprise. Silver recently corrected back down to about $15 per ounce, from a high of around $18.50, but any new twist in the global economic meltdown i.e. for example, the recent collapse of Greece's economy, could set off one of those hard to predict "upward price escalating chain reactions" that could very suddenly elevate the price of silver bullion almost overnight.
Silver prices do not always follow gold in tandem. Folk wisdom says to buy and accumulate silver while the price is still depressed at under $20 per ounce. The $20 per ounce price range represents a "psychological threshold" and once silver passes that mark, all bets are off as to how high it could go. Buy silver bullion and hold it. That's the recommendation.
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