Silver Down To $22.73/toz

Some folks in the precious metals industry have predicted that silver will reach $100/toz this year.

Thus far, I haven't seen any such inclination. Silver has been struggling to even maintain a $25/toz spot price. I don't even see it even reaching $30/toz.

According to a Kitco News article from yesterday:

(Kitco News) - Gold and silver prices are slightly weaker in early U.S. trading Friday and have lost modest overnight gains following a mildly hotter-than-expected U.S. inflation report. December gold was last down $0.80 at $1,948.00 and September silver was down $0.086 at $22.73.

The just-released U.S. producer price index for July came in at up 0.3% from June. The PPI was seen coming in at up 0.2% from June and compares to a revised 0.0% reading in the June report. The core PPI, excluding food and energy, rose 0.3%, compared to a forecast rise of 0.2%. Today’s PPI report falls mildly into the camp of the U.S. monetary policy hawks.

The low price of silver doesn't concern me. I just see it as an opportunity to buy more of it for less.