These are truly exciting times for precious metals.
The price of silver has been performing exceptionally well, especially since late December.
That's when silver prices embarked on a string of higher closes for seven consecutive days. In the past, moves like this have proven themselves to be a strong signal that further rallies lie ahead.
The price of silver has been steady over the past week and is still up tremendously since late December. In fact, silver prices are still up more than 9% from their December low.
At this point, a small pause in silver's rise would not surprise me. The metal typically takes a little time to digest its massive gains.
The price of silver managed to hold onto recent gains this week, despite renewed dollar strength.
Volatility has been soaring as the market's been thrashing around, with the S&P 500 down another 5% in the last five trading days.
Now, here are the factors that will drive silver in the last two weeks of 2018...
There's no question the price of silver has made some bullish moves this week.
The silver price has climbed by 3% over that time, aided by a weak U.S. dollar and markets, both of which have also been suffering from growing volatility.
Here's my next price target for the precious metal...
After a week that saw the price of silver struggle to notch any gains, its most recent trading day made up for its latest challenge.
The Buenos Aires G-20 meetings provided for the spark that silver prices needed to rally.
After a rough week for stocks and the Thanksgiving holiday, the price of silver remains one of the best deals around.
Of course, additional discounts may still lie ahead, but silver's inherent value at current prices are difficult to beat – no Cyber Monday promos required.
And the gold to silver ratio has once again popped higher in gold's favor, making silver an even bigger relative bargain.
My recent position on silver was that it had become massively oversold.
That was a week ago, when the price of silver dropped from $14.65 to $13.97.
But the indicator I'm following is showing signs of a coming silver price breakout...
The price of silver has been beaten down so badly lately, it's become massively oversold.
In response to a blistering dollar rally, silver has sold off to levels last seen in late 2015, when silver prices put in a major multiyear low.
That's been tough for silver bulls, who watched silver gain 5.4% in October after its September bottom.
Here's where I see the precious metal heading from here...
By Money Morning Staff Reports, Money Morning - • Print | Email
Investors are looking to add silver to their portfolios ahead of an economic collapse.
It was a wise move before the last U.S. recession.
Here's everything you need to know...
The price of silver had a strong start to last week just like its golden cousin.
I was very impressed to see silver prices shoot all the way up to $14.80 on Tuesday, Oct. 23.
That was a blistering gain of nearly 2% from the previous day's close, and silver's highest level since late August.
Here's exactly how the precious metal is trending, and where I see it heading in November...
