A market wide rally is taking place right after Fed Chairman Ben Bernanke gave a speech on the economy. In his speech, Bernanke continued to reiterate that interest rates will stay low. Some analysts were encouraged after Bernanke did said little to rule out the possibility of more quantitative easing (QE).
Silver prices jumped along with other commodities including gold after Bernanke’s remarks. Silver for March delivery is currently trading up 1.25% at $32.65. Silver prices had been getting hit hard over the past month, falling from over $35 to around $31.50. Silver prices would rise if another round of QE hit due to inflation from the printing of money.
A quick look at stocks show the Dow up 134 points, the Nasdaq up 33 points and the S&P 500 up 14 points. [Read more...]
