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 moved above the April 22 high at $3500. The high price today reached $4046.71. Yesterday the new all-time price high stalled at $4059.31.
