Oil & Gold Grab Headlines But Silver's Another Major Move

Source:

...Since the middle of December 2007 to today, silver has moved from $14 an ounce to its current level of $21 an ounce. That represents a dollar value $28,000 on just one futures contract.

...When it comes to the metals market, most of the media and financial outlets are focusing on gold. Hardly surprising, since the metal just whizzed by $1,000 an ounce.

But while gold dominates the headlines, the truth is that most of the sector is enjoying incredible strength. Take silver, for example - a market not getting much press, but which is also setting new all-time highs over $21 an ounce. In fact, the silver market has actually given a better return on investment in a very short timeframe.

Since the middle of December 2007 to today, silver has moved from $14 an ounce to its current level of $21 an ounce. That represents a dollar value $28,000 on just one futures contract.

But what's so striking is that $3 of that move has occurred in just the last three weeks alone. That's a $15,000 move. Keep an eye on the metals market, as there seems to be nothing holding it back from going higher.

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