We’ve been publishing updates recently after days when the silver price has spiked up. Now, after Tuesday’s trading action, silver trades over $26. Its price moved up over two bucks (about 8%).
[This morning – Aug 7 – Silver is trading around $28 per ounce. –Bob]
The long pattern since the peak price hit back in 2011 has been that a rise in price accompanies rising abundance. That is, more metal comes to market at higher prices. Supply and demand, and all that stuff they taught back in Econ 101.