I am looking at silver prices and even though everyone hesitates to buy due to high price of silver, I would still say I will go for it. I would buy silver whenever I have the extra money.
Currently price is at USD38.12/oz. Even though the last 2 weeks, the prices were favoured (between USD34/0z – USD36/oz), the price has already bounced. Looking at it positively, even at USD38.12/oz, it is still a discounted price from the peak at USD48.70/oz on 28th April, 2011. The current price is 78.3% cheaper than the highest price, a discount of 21.7%. You like buying on a discount, don't you? All of us do.
Why do I say that silver is still cheap?
Look at the projected silver prices…