Silver Bullish: Silver Prices Could Surge If THIS Happens
After a record four consecutive years of declines, silver prices have rallied on the heels of a fragile U.S. economyand weak global economy. Having fallen more than 70% from their 2011 highs, silver prices are now up 17.6% since the beginning of 2016. And the economic data rolling in shows there is still a lot more upside potential for silver and silver mining companies.
Silver Prices up 17% in 2016 with Room to Run
Physical silver and silver mining companies were routed between 2011 and 2015, as the S&P 500 enjoyed an incredible bull run. Physical silver hit a high of around $50.00 an ounce in April 2011 and closed out 2015 at $13.82 an ounce—a four-year decline of 72%. Over the same period, the S&P 500 climbed 53%.
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