| Silver prices have been through a roller coaster ride for the past few months. However, the new year brought some direction for silver. It continued to gain steadily. Silver rose by 7.7% on a year-to-date basis. It closed at $14.85 per ounce on February 4, 2016, after touching a high of $14.93.
Silver couldn’t reach the $15 mark. The boost for precious metals was likely due to the fall in the US dollar. The US dollar fell by 3% during the past five trading days. As the US dollar gets cheaper compared to other currencies, dollar-denominated assets become more affordable for foreign currency investors. Demand could rise. This would increase the prices...............................................Full Article: Source
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