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Silver trades to $50 an ounce for the 1st time ever

Spot silver has stretched to the $50 level for the 1st time ever. The high price of just traded at $50.03. It is currently trading at $49.94.The move to the upside took out the 2011 high, which my chart had at $49.83. There is some uncertainty regarding that high, but with the high today at $50.01, that will supersede the uncertainty from 2011.Gold, meanwhile, is trading up $1.50 at $4042. It has been stretching to new highs – with some corrective days interspersed – since September 2 when it mo...

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