As banks add another 5800 SHORT?? contracts (according to CFTC http://www.cftc.gov/dea/bank/deaMar11f.htm) the silver spot price finishes the week at $35.67 spot in after hours NY Globex trading -- pp $1.44/oz (4.21%) for the 24hr day.
Silver Eagles at APMEX crested the $40.00 mark with no reason to believe next week will stem the tide.
Gold was up 1.24% ($17.50/oz) today to finish the week at $1432.88.
For thousands of years Precious Metals (PM) such as Gold (Au) and Silver (Ag) have been utilized as real money for exchange, wealth store, and metric of value. While I am NOT an advocate of one single commodity backing our money (like a gold standard), I do believe that the price trend of PMs are the most important indicators of the value of fiat money, plus the crimes of corrupt banking corporations and governments that manipulate PM prices. The "Canary in the coal mine" is Gold - AuCanary.
Today's FINVIZ 5 Minute Charts - (for other charts go to the bottom of this page)
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