|2+ year chart of the World Silver Index|
|~2 month daily chart of the World Silver Index|
The higher Silver (and Gold) prices are related to a combination of factors.
- Indian marriages and the holiday of Diwali
- U.S. Debt and the continuation of the debasing of the dollar currency
- Financial uncertanty
- Industrial demand (The economy actually looks better than expected)
- Short squeeze
- Investor demand. (There is much more coverage of Gold and Silver in the headlines). Larger investors that did not have exposure to the metals markets over the last 10 years want to increase their exposure to Gold/Silver positions to ~10%. (Suggested by some financial advisors now as high net worth individuals have questioned them as to why they have not seen the returns that Gold and Silver has provided over the past 10 years).