Silver Continues to Probe $20 Level

Tim Iacono

September 9, 2010

Since first breaching the $20 an ounce level on Tuesday for the first time in nearly two-and-a-half years, the silver price has advanced above that mark about a dozen more times, in each instance being sent lower in short order.

When considering that the denominator in this price equation is the U.S. dollar, the end result seems clear – $20 will be but a way point in a steady march toward much higher levels – but it just might take a little longer than a lot of people would like