Silver Jan Month Close

Performance


Silver ($/ounce) Month End : 16.74 +13.3% per month
Silver Fund (Jan) : +45% month
FTSE 100 Month End : 5880 -8.9% per month
FTSE 100 Fund (Jan) : +78% month
Gold ($/ounce) Month End : 923 +10.1% per month

The price of silver is a one way ticket at the moment. We half expected a full 1/2 point off the interest rates earlier today, that could have stoked the furnace of the silver price to an overbought level. As it is with the 1/4 point cut, we appear to be trundling down the tracks at a steady pace. Above $17.50 at the end of the month may cause some reflection and falls below $15.00 will have to be watched.