Investors have pushed silver above the recent channel high at around $39 or so per ounce and I fully expect a retest of $50 if any more talk is given about QE3 — Silver rises because of the rising digital money supply, not from speculation. Owning cash is speculative whereas owning metals is conservative or a safe haven at current prices.
http://www.businessinsider.com/poor-mans-gold-is-breaking-out-sell-your-house-and-buy-silver-2011-7
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