by Craig Hemke
Sprott Money
Silver Rally and Breakout in Early June
We focused on silver last week, and the rally that has persisted since leads us to focus on silver again this week too. While the short-term price action has been fun to watch, it’s the longer term that’s more important, and that’s what we need to keep an eye on.
For now, though, the silver price is off to a great start in the month of June. The rally and breakout above $36 began on the first trading day of the month, June 2, and it has continued into June 9. As I type, the price of silver is beginning to approach $37 in the U.S. and $50 in Canada.