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Silver finally hits $100 an ounce - and some experts say that's just the beginning
Silver's climb to the $100-an-ounce mark on Friday - a level it hit for the first time on record - was met with much fanfare by just about everyone who closely watches the market for the precious metal. Silver has the characteristics of both a precious and an industrial metal and is in short supply. That's why many investors believe in its potential for further price gains. The market "could still be closer to the beginning of the silver move rather than the end," said Stefan Gleason, president and chief executive officer at Money Metals Exchange, given the breakdown in the gold-to-silver ratio and breakout in mining ... (full story)