Silver has surged another 2.7% higher this morning to $19.23/oz. This after yesterday’s 3% surge when silver flew through resistance at the $18 level to close at $18.26/oz. Silver is 20% higher in dollar terms in June. Silver has surged by similar amounts in euros and by 28% in beleaguered sterling in the month.
Silver in USD – 10 Years
The rally for silver yesterday and today was more impressive than gold’s and saw prices at their highest since mid-September of 2014. Silver has now surged 20% in a month and the next level of resistance is $21.40/oz which silver touched in July 2014.
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