Silver Prices Strong – 29 January 2006 Evening

I noticed this evening that silver spot prices are still very strong according to Kitco with silver at $9.66 – $9.72 bid ask, which represents nearly a one percent increase over last Friday's closing price. I encourage you to watch silver prices during the coming week. I have no idea of whether silver prices keep their parabolic trajectory or fall back down to earth. Because of the Barclay's ETF discussion and because of silver's price momentum, I would not be surprised to see silver prices continue higher.

As a matter of disclosure, I remain long Pan American Silver Corp. (PAAS).

Again, have a great week!