Silver orbits fresh 30-year peak

As Friday’s trading sessions got underway, gold appeared set to complete its best weekly gain of the current year and silver orbited around the $32 level – a fresh 30-year peak-following yesterday’s fund feeding frenzy that added a dollar and a dime to its value, and, much, beyond-bullish sentiment, to the camp that refuses to see it for being a bubble in the making.

One bullion dealer (unsurprisingly) declared that not to possess silver at this time should land one in an asylum, after first being checked for deficiencies on the mental front. Yes, and in October of 2005, David Lereah, chief economist of the US National Association of Realtors declared that [US] “housing activity will remain healthy for some time to come” as well…

Silver’s recent gains have certainly made for some interesting headlines, but here is a friendly reminder that such occasional performance comes with a commensurate (some would say: out-sized) degree of…risk. The table speaks for itself:

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