{"id":21384,"date":"2016-07-05T19:01:19","date_gmt":"2016-07-06T00:01:19","guid":{"rendered":"http:\/\/olduvai.ca\/?p=21384"},"modified":"2016-07-05T19:03:43","modified_gmt":"2016-07-06T00:03:43","slug":"the-price-of-silver-explodes-past-20-dollars-an-ounce-as-the-european-banking-crisis-deepens","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=21384","title":{"rendered":"The Price Of Silver Explodes Past 20 Dollars An Ounce As The European Banking Crisis Deepens"},"content":{"rendered":"
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The Price Of Silver Explodes Past 20 Dollars An Ounce As The European Banking Crisis Deepens<\/a><\/h3>\n<\/div>\n
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\"Silver<\/a>Have you seen what the price of silver has been doing?\u00a0 On Monday, it exploded past 20 dollars an ounce, and as I write this article it is sitting at $20.48.\u00a0 Earlier today it actually surged above 21 dollars an ounce for a short time before moving back just a bit.\u00a0 In late March, I told my readers that silver was \u201cridiculously undervalued<\/a>\u201d when it was sitting at $15.81 an ounce, and that call has turned out to be quite prescient.\u00a0 The Friday before last, silver started the day at $17.25 an ounce, and it is up more than 18 percent since that time.\u00a0 Overall, silver is up more than 30 percent for the year, and that makes it one of the best performing investments of 2016.\u00a0 So what is causing this sudden surge in the price of silver?\u00a0 This is something that we will discuss below\u2026<\/p>\n

This sudden spike in the price of silver has definitely caught a lot of analysts off guard.\u00a0 Some are suggesting that the fact that the Fed is now less likely to raise rates after the Brexit and the fact that the dollar has been slipping a bit lately\u00a0are the primary reasons for silver\u2019s rise<\/a>\u2026<\/p>\n

This isn\u2019t a gradual increase either. It\u2019s an explosive growth spurt. Just three months ago silver\u00a0had reached an 11 month high<\/a>. Now\u00a0silver prices<\/a>\u00a0have reached a 23 month high. Several factors appear to be influencing these gains, including a weakening dollar, and the fact that the Fed\u00a0may cut interest rates<\/a>\u00a0in light of the Brexit vote.<\/p><\/blockquote>\n

Personally, I don\u2019t buy those explanations.<\/p>\n

To me, the continuing implosion of major banks over in Europe is the main factor that is driving investors to safe haven assets such as silver.<\/p>\n

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 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Price Of Silver Explodes Past 20 Dollars An Ounce As The European Banking Crisis Deepens Have you seen what the price of silver has been doing?\u00a0 On Monday, it exploded past 20 dollars an ounce, and as I write this article it is sitting at $20.48.\u00a0 Earlier today it actually surged above 21 dollars […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[61,2014,14166,14167,6069,6792,11155,14168,4190,13033,6065,4901,647,730,9569,14169,14170,14171],"class_list":["post-21384","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banking","tag-banking-crisis","tag-best-performing-investments","tag-best-performing-investments-of-2016","tag-economic-collapse-blog","tag-european","tag-european-banking","tag-european-banking-crisis","tag-investing","tag-investing-in-silver","tag-investors","tag-michael-snyder","tag-precious-metals","tag-silver","tag-silver-coins","tag-silver-investors","tag-silver-undervalued","tag-the-price-of-silver"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21384","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21384"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21384\/revisions"}],"predecessor-version":[{"id":21386,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/21384\/revisions\/21386"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21384"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21384"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21384"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}