Here’ s your Silver Market Update for the first week of November 2015. Can you believe it’s November already?? It was truly a remarkable Summer-Fall for the Silver Market. As I posted previously here, the market experienced an unprecedented Physical Silver Shortage.
Physical Silver in Short Supply. Here’s why. On July 8th of this month (July) Silver hit $15.00 per troy ounce, down from $15.65 at the beginning of the month. We saw a bounce back up from that support level in the days following. Yet on July 16th Silver prices dipped below the psychological support level of $15.00/oz and things got funky in the world of physical silver!