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Silver Continues Strong Move Up

Silver Continues Strong Move Up

Thomas Long, Course Instructor

This market has moved up so far that this current move is being compared to the famous run up in late 1979/early 1980, when silver came close to hitting $50 an ounce. We are not yet close to that level, but the long-term average price for silver has been in the $7.50 an ounce range. So needless to say, this is a bull market which still seems to have momentum to the upside.

Silver_body_69454d1286898219-chart-day-silver.png, Silver Continues Strong Move Up

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.