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The Market Oracle reported that the silver bullion price has jumped 8 percent in just six trading days. Most recently, the white metal rose from $15.34 per ounce to $15.90 on April 11, and since then has gone on to breach the $16 level.
The Market Oracle reported that the silver bullion price has jumped 8 percent in just six trading days. Most recently, the white metal rose from $15.34 per ounce to $15.90 on April 11, and since then has gone on to breach the $16 level.
As quoted in the market news:
Since last Monday (April 4), silver has surged from $14.93 to $16.12 per ounce for an 8% gain as ongoing robust physical demand finally seems to be impacting on prices which remain depressed. Silver is now testing technical resistance at $16.15/oz and a close above that level could see silver quickly move to test the next level of resistance at $18 per ounce seen in May 2015.
The article also states:
Silver Prices (LBMA)
12 April: USD 15.96, EUR 13.98 and GBP 11.15 per ounce
11 April: USD 15.56, EUR 13.66 and GBP 10.93 per ounceÂ
8 April: USD 15.16, EUR 13.34 and GBP 10.78 per ounce
7 April: USD 15.22, EUR 13.38 and GBP 10.81 per ounce
6 April: USD 15.07, EUR 13.28 and GBP 10.71 per ounce