Silver jumped over 154% year-to-date versus 17.5% for the S&P 500. China controls 70% of global refined silver supply and locked silver exports starting January 1st. Physical silver costs 7% more now ...
If January was a party in the precious metals market, February is the hangover. The per-ounce price of gold topped $5,300 and silver reached nearly $120 at the end of January before tumbling sharply.
When silver prices spiked tenfold in the 1970s to more than $50 an ounce, many Americans correctly saw an opportunity and lined up at precious metals dealers to sell their old sterling silver. That ...