Silver is in the 18th year of this historical bull market.
The price of silver hit it's all time low at $3.50 U S Dollars per troy ounce in 1993.
1 troy ounce = 31.1034768 grams
1 avoirdupois ounce = 0.911458 ounce troy
12 troy ounce = 1 troy pound
16 ounce = 1 pound avoirdupois
Silver is currently in a backwardation situation.
Whereas, the cash market and near month futures contract is priced at a premium to the further month contract, i.e. March @ $32.296 vs. May @ $32.285 per troy ounce.
This is an indication of tight physical supply.
This is usually a powerful bullish indicator.
Next stop $40.