Silver June 2012 : spot price of silver along with important support and resistance areas
Back
in 2010, QE2 (a controversial monetary easing strategy) was announced.
Experts debated the strategy because many economists believe easing
would lead to inflation that could spiral out of control down the road.
Precious metals such as gold and silver (inflation hedges) naturally
rallied after the announcement because traders began to price in
inflation.
Eventually, those hyperinflation concerns drove silver to $49.82 in April 2011. However, only one year after its April 2011 crest, silver dropped back below $30. This retreat has many precious metal bugs salivating, thinking that another great buying opportunity is upon them.
Eventually, those hyperinflation concerns drove silver to $49.82 in April 2011. However, only one year after its April 2011 crest, silver dropped back below $30. This retreat has many precious metal bugs salivating, thinking that another great buying opportunity is upon them.
silver August 2012
