Ever since silver hit about $50.00 an ounce back in April of 2011, people keep wondering when the next gold and silver surge will happen. Though it has gone up and down ever since it’s huge drop off shortly after it hit it’s redline at $50, it has never come even close to making it’s way back to the top.
Will 2017 be the year gold and silver start to surge? Well there are certainly a lot of reasons why that would be possible. It’s not your typical year as a new, very controversial president has entered office almost exactly a month ago. The first signs that gold and silver might go up found gold surging 5% overnight, up $60.00 an ounce when it was clear Donald Trump was going to be the next president. It then lost all of it’s gains at close, actually slightly in the negative.
With gold and silver at relatively low levels, at least compared to anything close to where they once were, and many influential factors involved including a president that no one knows what he will do next, gold and silver has the potential for a lot of movement right now. Will it surge, will it continue to move laterally, or will it go down is the question. Vote on what you think gold will do this year, and let us know in more detail in the comments below.
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What will gold and silver do in 2017?
- Go up a little bit (68%, 15 Votes)
- Go way up (14%, 3 Votes)
- Stay about the same (9%, 2 Votes)
- Go down a little bit (9%, 2 Votes)
- Go way down (0%, 0 Votes)
Total Voters: 22