Silver Price Hits $50 In Canada

Above, silver 2022 Canadian Maple Leaf coins. Photo by Armand Vaquer.

Silver has touched on $50/toz. But this is in Canada. Is the U.S. next?

Inside Halton posted that the metal price may be what people need to begin selling.

They begin with:

If you have old coins or junky silver jewelry hanging around the house, now might be a good time to sell.

While it hasn’t garnered the same attention as gold, silver prices have also skyrocketed recently, briefly touching the $50-per-ounce mark in Canadian dollars earlier this week, according to silverprice.org.

The silver price has more than doubled over the past five years. 

According to David Erfle, founder and editor of Juniorminerjunky.com, silver could be set for a breakout. While sellers may wish to cash in now, the white metal could still have some additional upside for anyone waiting for a further bull run.

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