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…

silver-price-chart

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

Happy Investing!

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Filed under: Silver Prices

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