Silver Moves Towards Longest Rally In Almost a Year

Bloomberg reported that silver was approaching the longest rally seen in nearly a year.

As quoted in the market report:

Silver for immediate delivery added 0.4 percent to $31.9813 an ounce, after reaching $32.1225 on Jan. 18, the highest since Dec. 18. The metal is up for a sixth day, the longest rally since January 2012. The U.S. Mint said last week that it sold out of 2013 American Eagle silver coins and will resume sales on or about the week of Jan. 28, when inventory is replenished. Holdings in silver-backed exchange-traded products are at a record, data compiled by Bloomberg show.

To view the whole Bloomberg report, click here.