Those of you following silver prices saw it nudge $20 last week. Many people took profits by selling at this price, which caused the price to drip back down into the mid $19 range.
At that point the profit-takers could have sold more, but they didn’t. Instead the price rebounded and today closed at $20.16.
I’m hopeful that $19.75 will be the new floor and we’ll start pushing the ceiling up.
Precious Metals Spot Prices as of the close of trading in New York as of Monday September 13, 2010:
| Today | Change | Week Ago | Month Ago | Year Ago | |
|---|---|---|---|---|---|
| Gold | $1,246.45 | +$0.80 | $1,250.25 | $1,215.90 | $1,005.65 |
| Silver | $20.16 | +$0.32 | $19.94 | $18.14 | $16.72 |
| Platinum | $1,546.30 | +$4.10 | $1,562.00 | $1,526.50 | $1,323.30 |
| Palladium | $529.40 | +$8.10 | $530.35 | $478.00 | $295.50 |
Silver passes again, by quite a bit! http://www.joelevi.com/blog/index.php/20…