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« The Better Short: Gold or Silver? | Main | How to Invest in a Difficult Market »
Sunday
Oct192014

3 Reasons the Silver Price is Bound to Rise

Silver managed to close Thursday at $17.37 per ounce after taking a steep fall to $17.04 the previous day. 

The drop followed the news that litigation alleging silver price fixing on the parts of Deutsche Bank (NYSE:DB), The Bank of Nova Scotia (TSX:BNS) and HSBC Holdings (NYSE:HSBC) has been centralized in a Manhattan federal court; a strong US dollar also didn’t help matters. The subsequent rise came after Wednesday’s dramatic stocks sell off.

While it’s good to see silver making some gains, it’s admittedly difficult to be positive about its price given that the metal was above $21 just three months or so ago. That said, there are certainly some benefits to the current situation.

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