There are several bullish factors coming into play at the same time that should continue fueling the bull market in precious metals. Greater demand for the physical metals by expanding economies, an exchange-traded fund (ETF) on silver, record high prices in crude oil, geopolitical tensions and uncertainty are all contributing to the highest prices we've seen in the precious metals markets in more than 20 years. Spot silver reached a 23-year high on April 20, when it hit $14-69 per ounce. Spot gold surged to $634.50 per ounce, the highest level since December 1980. This is an increase of 103% in silver prices and 47% in the gold throughout the past 12 months.
展开▼
