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| Above, circulated Morgan silver dollars. Photo by Armand Vaquer. |
Last evening, I was having dinner at Jerry's Cafe in Gallup with friend Bob Weeks and he mentioned that silver had hit $100 per troy ounce in the spot price market.
Sure enough, I see that this milestone was reached yesterday.
MSN reported:
Silver’s climb to the $100-an-ounce mark on Friday — a level it hit for the first time on record — was met with much fanfare by just about everyone who closely watches the market for the precious metal.
Silver has the characteristics of both a precious and an industrial metal and is in short supply. That’s why many investors believe in its potential for further price gains.
To read more, go here.
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