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USV - Silver In The Face Of A Stock Market Correction
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We are now in the ninth month of 2020, and the range in the silver futures market is already an incredible $18.175 per ounce. The last time we witnessed a wider trading range was in 2011 when the volatile precious moved within a $23.675 range in the nearby COMEX futures contract. In 2011, silver reached its highest price level since 1980 when it traded to $49.82, just 54 cents shy of its record peak.
On Friday, September 4, nearby silver futures settled at $26.712 per ounce, $3.203 below the high for 2020, but $14.972 above