Silver Rocketing Upwards Past $14 Per Ounce

Silver is rocketing upwards as I write this article. According to Kitco, silver is up $0.61 or 4.426% to bid $14.42 $14.47 ask. I am surprised at silver's strength. Looking at the Nymex data, I note that May 2006 through December 2010 silver futures are all above $14 per ounce. Given the strength of silver prices, I am not sure why Pan American Silver Corp. (PAAS) is not up a similar percentage this morning.

Again, I remain long Pan American Silver Corp. shares.