Now that Ben Bernanke and the Federal Reserve have put into play another round of quantitative easing, the price of silver will, without a doubt, continue to soar in price.
Along with gold, it's very probable that prices of silver will rise for a long time to come, as the implementation of a seemingly endless injection of money into the American economy has been unleashed, and that will push down the price of the U.S. dollar, generate inflation, and cause people to seek safety for their money.
The Fed will acquire $40 billion in mortgage-backed securities until it sees the jobs market reach sustainable levels. That almost assuredly take years based upon the lack of impact QE1 and QE2 had on the economy and jobs market.
That means silver and gold prices should enjoy a long ride.
Also helping the two precious metals along is the extension of low interest rates, which are now expected to be in place until mid-2015.
Again, this should result in a long, upward climb in gold and silver prices during that period, assuming the Fed continues to buy up securities as they have pledged to.
It's definitely time to get into silver.