Silver Price Popping into 2010

Precious metals prices were popping off of holiday lows Monday as traders returned to the markets. Gold had jumped as high as $1124 an ounce by 9:30am in New York and silver soared to $17.59 by 11am as a weaker dollar made the shiny cousins much more attractive.

Gold had jumped as high as $1124 an ounce by 9:30am in New York and silver soared to $17.59 by 11am as a weaker dollar made the shiny cousins much more attractive.

If silver continues to rally toward the $18 level, we can expect further price increases on industrial demand, says CommodityOnline, as manufacturers “buy on concerns of having to purchase silver at higher prices later.”

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