While investors were pulling millions of dollars out of gold funds last month, another commodity was attracting money like a magnet. And despite a gain of 20% since June, many see it as undervalued. Find out what Money Morning Global Resources Specialist Peter Krauth calls "gold on steroids"...
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where silver prices are trading today
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Investing in Silver Now Is Outshining Gold
Silver Price News Today
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Topping silver price news today is how the flight-to-safety trade is back on, as evidenced by recent moves in commodities.
Despite some profit taking Friday, silver prices rose roughly 5% this week and 1% last week. That helped the white metal log a sterling 21.3% gain for August and nearly 30% over the last nine weeks.
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Where Silver Prices Are Trading Today – and What's Next
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Silver prices today continue to wander aimlessly around the $20-an-ounce level as the white metal is buffeted by many of the same factors restraining the gold price. This drifting comes after a dramatic drop of 35% in the first half 2013.
As with gold, much of the drop is due to fears that the U.S. Federal Reserve will begin "tapering" purchases of bonds from its current $85 billion-a-month level. If this comes to pass, the financial markets currently believe this will reduce excess liquidity and therefore any possible inflationary fires.
Here's what investors watching today's silver price have to understand...
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