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Silver hits a new record after 31 years

Posted on 04 May 2011

The parabolic move in precious metals continued last week, as both gold and silver notched new record highs. For gold, this is nothing new; we’ve seen the yellow metal hit records week after week. But silver was another matter entirely.

After 31 years, silver prices have finally surpassed their previous record, hit in 1980 when the Hunt brothers unsuccessfully attempted to corner the market. The new high, set last Tuesday, was $49.79/oz, or slightly above 1980’s $49.45 print. Meanwhile, gold got as high as $1,569/oz:………………………………………Full Article: Source


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VRS - who has written 38561 posts on Opalesque Commodities Briefing.


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