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IPFS News Link • Currencies

Silver Spikes to 22 Year High, Driven By "Heightened Volatility, Lingering Uncertainty"

• http://www.shtfplan.com

There's nothing like a crisis to drive market prices. This time around, with the very future of currencies and nations directly intertwined, gold and silver are poised to be the very bastion of neutrality and relative safety. A Switzerland amid a global currency war.

It was no surprise to see gold increasing as a result of the climate surrounding Britain's referendum, but now the commodities market is taking off in a very bullish way.

And now it seems that silver is catching up. The spot price has been steadily gaining in the wake of the global economic uncertainty, and it suddenly hit a 22 month high at just above $19 per ounce.

The chances appear strong that the rally will continue, at least in the short term.

Reuters reported that:

Silver breached the $19 an ounce level to reach the highest since September 2014.

Silver, which has gained more than 8 percent this week, is on track for its best week since August 2013. "Gold has been on an uptrend and silver tends to catch up," said Brian Lan, managing director at Singapore-based gold dealer GoldSilver Central.

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