January 9, 2012 silver as well as gold prices started up quite nicely the first week of 2012 shown some sharp gains however at the end of the week has changed direction and ended up this Friday with some light falls. This kind of shift of direction could possibly be some stem in part due the actual positive United States non-farm employment document.
Gold precious metal dropped slightly on Friday by 0.20% towards $1616 .80 this in turn caused silver precious metals additionally to decline by approximately 2.09%. Silver has reached $28.68 per ounce
The overall silver and gold market is still in a downward trend, however we do not see it dropping below $23 per ounce as a support levels are extremely bullish at that level.
Please remember that silver is not an investment but rather an insurance policy towards the uncertain economical times of today.
Invest wisely, invest smart.
I will have more updates for you in the coming days, as I have been away since the end of last year till present day and will be writing a lot more articles pertaining to the subject and hope that you all join me right here at this forum and discuss any and all subject matters.
Hope Santa treated you well last year, and the new year brings you prosperity, health, will welcome, and above all knowledge and happiness.
Cheers.
I would take this advice if I were you, it certainly is sound. I use it myself.
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