Silver's On The Rise Again..

Trading starts at $36.39 later this morning.  (Kitco chart via Urban Survival.)
Wow wow wow..

PRECIOUS METALS - European Opening View - Strong start for metals as silver clears $36/oz

The PGMs remain on the back burner this morning as gold and silver continue to dominate, opening higher in Asia with gold currently up 0.5% and silver a further 2.3% touching a fresh 31-year peak of $36.51 a short while ago, leading the AU/AG ratio below 40:1 for the first time in 13-years. The new highs in silver could prompt some profit taking later in the day but with the situation in the MENA region still extremely volatile and oil continuing rise both gold & silver are likely to extend on a mix of safe-haven and anti-inflationary hedging with silver set to challenge $38-40/oz but ultimately the all-time record of $50/oz.

Silver's At 30 Year Highs-What's In Store Next Week?

Kitco's Silver Chart at the end of trading, February 18, 2011.
After sifting through several wonky-ass, for-members-only worded articles on what the implications of Silver's rise actually means, I'll distill it for you like this: Silver's demand is at least twice its availability. Silver will continue to rise, despite JP Morgan's every effort to manipulate the price downward. JP Morgan will eventually be destroyed by its huge amount of Shorts(betting against Silver). The two guys at the end of Trading Places will be JP Morgan.

Lots of people will then laugh at JP Morgan's misfortune. Long live Physical Silver!

Silver's One-Thin-Dime Away From $30 An Ounce..

12:55 p.m. CST $29.90/oz. The link's to Urban Survival's Kitco chart at the top of the page. Oh yeah, it's already broken $30 today, and is hanging out just below that mark. Will it break the barrier at the close of today's trading? Monday, Monday..