Silver price now up 21% for the year so far

Silver’s blazing trail this year continues and is now up over 21% in the month of january. Just like in gold the silver price is being led the way in terms of €s.

Silver €:

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Silver $:

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Silver £:

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As you can see from the above charts € silver is now back above its 200 daily moving average and a close at these levels will be silver’s best close since August in € terms.

For $ silver the 200 DMA is sitting just above $35 – a clear target for the bulls to go for.

Related posts:

1. Silver now up 17% on the year
2. Silver price holding steady above $30 – now up 10% on the year
3. Silver price doubling in a year cuts margins of solar producers
4. Gold price still trying to breakout
5. Silver Exploding – Gold Silver Ratio Nears 30-Year Lows

Link to this article: : http://www.goldmadesimplenews.com/gold/silver-price-now-up-21-for-the-year-so-far-6079/

Posted by Jason Cozens on Jan 31 2012. Filed under Analysis, Gold News, Markets, Silver News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.