Silver prices rose 11% for January outperforming gold in the precious metals sector. Usually gold is the leader with silver following close behind.

Silver price volatility compared to gold is a given as well. This means big swings to both the high and low side make owning silver more of a roller coaster ride.

Silver is trading above the 200 day Moving Average line at $12.18, and has had a rising profile setting higher lows and higher highs since its $8.40 low on October 28th. Silver is trading above the 50 day Moving Average as well which is new behavior starting in December. See the chart below…

Adding a little silver to your precious metals portfolio, would not be a bad idea.

Happy Investing!

I added the live ticker at the bottom so you can track the current silver price on a daily basis. I am not a big fan of over-obsessing on the daily price movements like some delusional day-trader.

So even though you can favorite this page making it easy to return, resist the temptation to check it every day even if you own silver or are thinking of buying silver in the not too distant future.

Obsessive behavior is distructive for investors …for anyone really…and indicates you don’t fully believe in your orginal trade decision or you used money you couldn’t afford to lose. Either way, you made a mistake and “watching it like a hawk” won’t help. Your only solution is liquidate your position and re-think your investment strategy.

I like silver bullion almost as much as golld bullion. I can remember growing up in the 1970′s and seeing my Dad’s silver bars all around the house being used as door stops. Then when Lamar Hunt tried to corner the silver market late in the decade, and the price of silver shoot through the roof, one day I returned home from school to discover all the door stops were missing. Even though we had to find another way to keep our doors open, Christmas that year was fantastic!

If you’d like to learn how to give your family a great Christmas…click over to “Get Started!”…and we can talk about it.

Good Luck!
Rob K. Blake
The Gold Insider