Silver (XAGUSD) increasingly on the radar- why not check it out today

Spot Silver is not a metal usually covered here in the Quick news, but given the further records in Gold and the focus on that metal, increasingly interest in Silver (XAGUSD) has come to the fore. So, let us have a look at that right now. Looking at the ultra long-term chart of Silver we can see it went through the roof back in 1980 (Google the story on the Hunt brothers). The relapse that followed saw it fall back from very close to $50 per ounce, to below $5 and it stayed down there for around 15 years. The spike in 2011 was all about the financial crisis, but once again it stalled just shy of $50 and fell back towards $10 per ounce. More recently it has been on the rise again and of course that rise has been greatly assisted by the surge in Gold over the past year. Silver topped out at $34.85 in October last year and it has not yet surpassed that this year. Look, this is the poorer relation to Gold and there are huge amounts of silver in the markets (according to research more than 1.7 million metric tonnes). This update is just a taster on this metal and there will be more to follow, but increasingly interest across the wider markets seems to have picked up. Spot Silver is currently trading at $34.32