Anticipating the approval of the
"Lots of speculation regarding the Barclays ETF is just driving prices higher. There is still a lot more upside potential," said James Moore, precious metals analyst at
Since the star of this year, silver has gone up 18%. Last Friday, it hit $10.43 an ounce.
"There is little evidence that the rally this year is really justified from a fundamental point of view," Wolfgang Wrzesniok-Rossbach, head of precious metals marketing at Germany's