The above screenshot of today's COMEX silver spot price was made a few minutes ago.
Personally, I am not at all concerned if silver should dip down even further. To me, that means that the metal will be more affordable to collectors/investors. Should silver go down into the $40 range, I will likely start buying again.
According to LiveMint.com:
Gold and silver prices traded with mild gains on Monday, 6 July, extending last week's sharp recovery as easing concerns over an imminent US Federal Reserve rate hike and a weaker US dollar provided much-needed support to precious metals, which had remained under pressure in recent weeks.
COMEX gold futures climbed $90 per troy ounce to an intraday high of $4,215, while silver futures advanced $2.73 per troy ounce to $63.73.
To read more, go here.
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