Silver Fiercely & Furiously Headed For All Time Record Of $50 Very Soon!

April 23, 2011 - PRLog -- Silver prices are upward of 49% in 2011. Day after day silver keeps hitting new 31-year highs. Traders keep waiting for some type of fierce and furious modification, but so far silver retains heading higher. Silver has become eying its all-time record it arrived at in 1980 of $50 an ounce. CLICK HERE to Check out Silver Dollar Values Silver Prices now! http://silver-dollar-values.com has all of the details for an intelligent silver investing choice.

Among biggest recent catalysts continues to be the U.S. buck hitting its lowest stage since November 2009. Right now dollar-backed commodities must watch out for the actual $72 level, which is its 2008 low. Analysts predict that silver might spike to $65 while gold could hit $1,650-$1,800 an ounce before this part of its fluff market ends.

The weak dollar isn't the just culprit. Technical trading, specifically short covering, has also assisted create this spike within silver prices. The big driver for the shorts was probably Goldman Sachs' April 11 note that recommended clients to sell commodities as well as called for a top in costs. But after an initial sell off, gold popped almost 14%. Now, short traders are getting squeezed. CLICK HERE to Check out Silver Dollar Values Silver Prices now! http://silver-dollar-values.com has all of the details for an intelligent silver investing choice.

The actual silver futures market has additionally been suffering the same kind of mechanized short squeeze. In the newest commitment of traders' statement, silver speculative short orders grew 12% from April Fifth to April 12th, the most recent data available, while long positions shrunk 5%. With a solid quantity of traders betting on reduced silver prices, the longer silver prices stay higher the more traders have to purchase back those short orders for a loss, which in turn, will drive prices higher.

It would be the recommendation for you to buy gold and buy gold now prior to the prices really skyrocketing in to oblivion! Gold and silver will help safeguard your own assets in these times of hyperinflation as well as political turmoil all over the world. CLICK HERE to Check out Silver Dollar Values Silver Prices now! http://silver-dollar-values.com has all of the details for an intelligent silver investing choice.

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