Silver Jumps More Than 5% & the shares of several silver mining companies posted even bigger gains. The most dramatic example of that was the more than 9 percent gain in the share price of Mag Silver Corp.Precious metals rose on Thursday, boosted by gains in equities and commodities as the dollar dropped after a euro zone agreement to boost the region's bailout fund and slash Greece's sovereign debt . Silver has been on a tear lately. On Sept. 28 it closed at $29.82. With today’s closing price of $35.11 it has booked a four-week gain of 17.7 percent. And compared to the price of silver at the beginning of this year … it is up 14 percent.Silver slumped as much as 48 percent after reaching a 31- year high of $49.845 in April. Used in everything from jewelry and coins to solar panels and film, the commodity returned more than any other major precious metal over the past year with a gain of 30 percent. Gold rallied 22 percent .Gold also had a strong day. It rose sharply after European leaders announced a plan to restructure Greece’s debt … and protect the continent’s banks from the falling prices of the sovereign debt they hold. The announcement … which came overnight … sent stocks in Europe soaring and gave a huge boost to U.S. stocks, as well. The dollar fell against a basket of currencies to a six-week low.
Besides the European development and the falling dollar … gold also is getting a boost from statements by Federal Reserve officials that they are seriously considering printing more money … strong demand from Asia
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet
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