Precious metals have been hot over the last few months. It seems that Gold has taken a back seat to silver. Silver is now leading the sector into new high territory. Today Silver touched the resistance point, and as we approached the close, it broke into new high territory. A robust trend could develop at this point. The comex inventories are showing low supply and high demand which could be the catalyst to higher prices in silver. The easy money policy that the Fed has in place, has reduced the value of the dollar. Institutions may be hedging against the weaker dollar at the same time.
