On April 23, I posted an article on Barchart, posing, “How High Can Silver Rise?” In that piece, I explained that silver is money, the U.S. dollar is losing ground, silver industrial demand is growing, and the trend was positive. I concluded the piece with the following:
The ultimate silver target is the 1980 high at just over the $50 per ounce level. However, with gold heading to a new all-time peak, the prospects for silver are bullish. Bull markets can drive volatile commodities to illogical, irrational, and unreasonable prices on the upside. Silver’s supply and demand fundamentals, the overall trend over the past years, the decline of the dollar in the global financial system, and its penchant for volatility could mean the sky is the limit for the speculative precious metal.
