Silver Prices Hit 33-Year High

BY FRANCESCA FREEMAN

LONDON—Spot silver prices broke $33 a troy ounce Monday, making further headway into territory not seen for over 30 years, but some market players are concerned that heavy technical and speculative buying may put the market at risk of overextending itself.

Silver traded recently at $33.35 an ounce, up 2.2% from late Friday in New York, not long after hitting a fresh 31-year high of $33.49 an ounce. A breach of $31.57 an ounce on Thursday sent the metal to levels not seen since the 1980s, when the market was caught in a high-profile squeeze by the Hunt.

This article is from The Wall Street Journal.

http://online.wsj.com/article/SB10001424052748704476604576157842581304856.html?mod=WSJ_Markets_RightMostPopular


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