Silver passes $40 per ounce and it's already eyeballing $41 per ounce as of today. This weekend, April 10th, there will be an election in Peru which is the world's largest silver producer at the moment and one of the presidential candidates would likely increase taxes on silver exports which would further put pressure on the price so silver in the world market.
Therefore, depending on what happens this weekend with the election in Peru, silver could easily reach $45/oz by the end of the next week and $50 before May 2011 without much of a problem because of such incredible momentum that silver and the broader precious metals seem to be enjoying at the moment. this weekend's election will likely have a significant impact on the near-term future prospects of the price per silver per ounce and so it would be wise to pay attention to who wins the election will improve this weekend.
The least expensive way for the common person to purchase small amounts of silver is by the kilo at the moment (compare prices and premiums for 1 oz to 1 kilo of silver):
100 Gram Pamp Suisse Silver Bar W Assay Card
And so the real question is should you be buying more silver now or is it time to sell? Personally, I feel that this is just the beginning for silver and the beginning of the end for the US dollar as the world knows it sorry to be so frank but if you take some time to do some studying it becomes quite clear. Fortunately for the small investor there are many people who who purchased silver between 10 and $20 per ounce and may now be ready to sell on some other silver in one to bank some profit and to pay their bills so it may be an opportunity for those who are cash-rich to go ahead and get their share of the silver.
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