And thank you also Freedom for you info here. - Just checked Asia and silver is down now/ off N Y about 60 cents to $14.00 but gold on the other hand is up $3.60 from the N Y close.
There will be increasing volatility in gold and silver as the massive forces dependent upon suppressing their prices (as they have for many years) fight to retain the upper hand. The problem is that a growing number of people are taking physical possession of the metals (and many of those are among the billions in Asia!).
BTW, the Comex Exchange raised their silver margin requirements again. There was a time where they (as I vaguely remember) actually required more than 100% margin in order to squash speculators raising the price. Now, the international markets hold far more power and the Comex may have to admit it at some point! If you have done much reading on silver you will find that the Comex plays with "paper" which far exceeds the amount of physical silver available for sale EVERYWHERE!
Well, if we knew what was going to happen we could all be very rich indeed. Silver is up quite a bit - But then, so are all the other commodities. The fundamentals sure haven't gotten any "better" for silver. There just isn't sufficient quantities of *deliverable* silver out there, no government stockpiles to feed the market. It may be that higher prices will shake out a lot of jewelry and scrap, but this takes a while. One stock I own that is a pure silver play is up almost 90 per cent in a couple months. It's tempting to take something off the table, but then, buy what? Google?