Silver prices had an exciting run-up in the year ending in April – they almost tripled, briefly touching $50 an ounce before settling back down to the low $30s.

Now, silver prices are back above $40 an ounce. That may have you feeling the urge to sell – but don’t.

Resist the temptation to sell silver because this recovery is for real, and it has much further to go.

In fact, I anticipate silver prices will peak at $150 an ounce within the next 12-18 months. 

The reason is simple: With central banks around the world pushing lax monetary policies, prices for all commodities – gold and silver in particular – will invariably rise.

We’ve already seen this happen with gold hitting a record high $1,923.70 an ounce on Sept. 7. And when gold goes higher, silver quickly follows. 

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