I just had a quick look at the live silver chart over at Kitco and was a little startled to see that silver has jumped in the last 24 hours after hitting a bottom at about $18.90 yesterday morning and climbing to $20.48 for a rise of $1.58 cents. Silver's climb doesn't appear to be over yet. Silver presently sits at $20.84 and the trajectory is upward. That's good news!
There are a few things going on that might be the cause of this sudden jump. The Payrolls Report came out today in the USA which Zero Hedge reports has some serious gaps in it. It could also be that a liquidity crisis in brewing among banks and they're short on physical cash.
It could also be that coin shops are running out of silver to sell or are out completely. It could be the Chinese Yuan having its best day in decades. It could also be North Korea firing missiles toward Japan (again!) or flying 180 warplanes along the South Korean border.
Could be the Twitter layoffs and all the other layoffs being announced.
One thing that is undeniable. Silver is the only commodity that's not been in a bubble while everything else has. It's more than a commodity. It's real money!
Looking at gold's climb, $60 since yesterday morning.
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