Silver broke thru the $25 level and didn't even shrug.
There were tons of bids hit at that psychological level because it is a round number and is half of 50.
This market may be well on it's way to 50.
Short covering, asian physical demand, new investor demand.
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
Showing posts with label Short covering. Show all posts
Showing posts with label Short covering. Show all posts
Sunday, November 07, 2010
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