May 20, 2014
The axiom “all that glitters isn’t gold” is ringing true for a number of investors right now. At the moment, silver has an especially beguiling gleam.
After the spiraling silver prices of the Great Recession ended with a massive slump in 2013, the price of the white metal – with the exception of a temporary rally in early 2014 – has been stable to the point of stagnation. As of this writing, the spot price of silver in New York is $19.46 per troy ounce, where it has been roughly nestled since its high of just over $22 per ounce in April.