Silver Prices Today Showing This Bullish Pattern Shift

Jon Gold, Market Commentary, Precious Metals, Silver

Thanks to very bullish action in gold, silver prices have been able to gather the same kind of momentum over the past week.
While gold surged early on Friday, March 4, to $1,280, a nearly $55 gain in the past five trading days, the silver price has also mustered a similar 5% gain at its peak of $15.80 the same day.
But over the past three months, gold priceshave outpaced silver prices by an astonishing 12%, leaving some to wonder about silver’s viability in this renewed precious metals bull.
In order to address that very question, we’ll look at the relationship between these two precious metals to determine what just might be in store for theprice of silver over the coming months and even years.
Here’s what I see ahead for silver…
What’s Driving Silver Prices Now
First, let’s take a look at what the silver price has done in the past week.
Silver started out on Monday, Feb. 29, at $14.75 and gradually worked its way higher through the day to end at $14.90.

This post was published at Wall Street Examiner by Peter Krauth ‘ March 7, 2016.