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Anyway, on the second of December, 2013, on an intense one day dump in the silver market-I took $6,560.40 from the remaining steadiness of the Challenge account and acquired 330 ounces of silver (three – one hundred oz. bars & three – 10 oz bars) at a mean price of $19.88. So the Challenge account now has a complete of 1330 oz. which will probably be valued at spot for the duration.
That price, decided by provide and demand, is a reflection of many things, including present rates of interest , economic efficiency, sentiment in the direction of ongoing political situations (both locally and internationally), in addition to the notion of the longer term efficiency of one currency in opposition to one other.
Risky, erratic, dangerous, personal, emotional, intense and traumatic are a number of the words Forex merchants used to describe the commerce to HuffPost SA. All emphatically share the sentiment that it’s far from easy and definitely not a get-rich-quick scheme.