In silver news today (Friday, Feb. 10), the price of silver closed 1.1% higher at $17.93. With that gain, silver logged a weekly rise of 2.6%.
The most shocking part about silver’s performance is how it’s rallied in the face of news that’s usually bearish for silver prices.
Even if this news persists, Money Morning Resource Specialist Peter Krauth expects the price of silver to keep rallying this year. That’s why we’re going to reveal our silver price prediction for 2017.
First, here’s the news story that failed to put a damper on the silver price this week…
How This Silver News Story Has Affected Prices This Week
The big story for both silver investors and broader market participants has been the Dow Jones Industrial Average hitting new all-time highs this week.
You see, investors everywhere rejoiced when the Dow Jones soared above 20,000 for the first time ever on Jan. 25. The index had already teased the milestone on Jan. 6 when it reached 19,999 during intraday trading. The S&P 500 also reached a fresh high late last month.
This post was published at Wall Street Examiner by Alex McGuire ‘ February 10, 2017.
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