Silver has a long history of making incredible moves and this one is certainly on that list. It’s been a one-way parabolic move since $50 in late-November.
Before then it was a steady climb higher and was just at $23 of the time of Trump’s second election. The combination of industrial demand, low mining supply and monetary demand has been sensational. The latest leg is all retail piling in as it becomes something of a meme.
silver daily
Naturally, I would expect some profit taking here but it’s hard to turn against precious metals until gold also hits $5000. The high was $4967 earlier today and it’s about $8 below that now.
