Thursday, January 28, 2010

$15 Silver?

Silver touched below $16 per ounce briefly today! We have been seeing an overall decline in price over the past week or so. Let's hope it continues.

The US Dollar has been gaining in strength against the Euro for the past month or so, with only a couple of hiccups. It seems like this might have something to do with the decline in prices. A stronger Dollar is better for imports, too (it makes the cost of buying imported goods in the foreign currency cheaper).

I'm hopeful we'll see further declines in silver and rising strength in the Dollar.

0 comments: