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USV - Silver - Another Indictment As The Price Sits Around $17
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Silver moved from its 2019 low at $14.245 per ounce to a high at $19.54 from May through early September. On the high, silver blew through the peaks from 2018 and 2017, but could not challenge the 2016 post-Brexit referendum peak at $21.095 per ounce. Even though gold broke through its 2016 peak, silver was unable to achieve that feat so far.
Silver is a highly speculative precious metal. Over the past four decades, the price climbed to the $50 per ounce level twice, once in 1980 and again in 2011. A continuation in the