Silver Ending Week Sharply Higher

Silver prices have ended the trading week sharply higher in London. After most Friday commentators already noted that both silver and gold prices have soundly added to their gains at 2.4% up for the week (and 1.2% for gold, respectively), silver jumped another $2 per ounce to trade around $32 per troy ounce in New York afternoon trading. This sharp move indicates that a breakout from the Christmas low may be imminent, confirming that last month’s silver lows around $26.13 per troy ounce may represent a hard floor and significant support level. One source added, that silver prices are likely...