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Consolidation of Silver Prices

Despite retreating from the recent high of US $25.00 level, silver prices are holding out well at the US $23.00 region. Geographical tension and financial woes look unlikely to end anytime soon, thus providing a simple and clear reason for silver prices to consolidate and challenge the next higher bar. Investors are optimistic about the potential of the shiny metal and betting on prices to move towards US$50.00 mark within the next few years. Although nobody could foresee future markets, physical silver bars and coins are certainly a good store of value in the age of high inflation and quantitative easing.