Silver as an investment

What is happening with Silver?

Today Silver has hit a key resistance mark : $30. At the time of this post, it has hit it twice in one day. This is significant because hitting key resistance multiple times signifies a breakthrough and that resistance usually becomes support. As I am writing and checking the price, it has hit a vertical point and is at $30.14. I am going to guess that the pressure against JP Morgan short positions is beginning to take its toll and if in fact they were manipulating the Silver market, they are beginning to give up. Bernanke also commented over the weekend that he isn’t ruling out QE3 or more QE2. This also drives up fears of inflation. In addition, Portugal and Spain look like the next likely targets in the EU bailouts.

All of these things point to higher metals prices. Do you think it will get better?

Buy it while its cheap from my recommended suppliers.

-silveristhenew

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