Silver Spikes to 22 Month High, Driven By Heightened Volatility, Lingering UncertaintyBy Mac Slavo It was no surprise to see gold increasing as a result of the climate surrounding Britains referendum, but now the commodities market is taking off in a very bullish way. And now it seems that silver is catching up. The spot price has been steadily gaining in the wake of the global economic uncertainty, and it suddenly hit a 22-month high at just above $19 per ounce. The chances appear strong that the rally will continue, at least in the short term. Reuters reported that: Silver breached the $19 an ounce level to reach the highest since September 2014. [] Gold rose on Friday and was headed for its fifth straight weekly gain, boosted by a weaker dollar as the safe-haven asset continued to be in demand despite an increase in risk appetite post the Brexit vote. Looking ahead, it seems that gold will remain one of the major beneficiaries in the current backdrop, as heightened volatility and lingering uncertainty will keep investors risk appetite in check, the bank [Societe Generale] said in a note. Apparently, the value of gold and silver have returned into plain view as a safe haven from the currency swings going on with the Pound, and as a result of the Brexit vote. The potential for a rate hike at the Federal Reserve, and the prospect of negative interest rates have also been turning interest to gold and other assets. Just imagine if these assets ever approached their true value With the longer-term prospect of a truly serious economic collapse in the United States, gold and silver will continue to make sense as a hedge against banana republic inflation, as well as a means to barter and trade with. Though that kind of crisis seems alien to our happy consumer society, the reality is all too present in Venezuela. Could it happen here? Hopefully youll have a humble stash of bullion in case we ever find out for ourselves. Read more: Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary. You can read more from Mac Slavo at his site SHTFplan.com Wont matter if you have gold silver if there is no food to buy . Stock up folks ; Venuzuela could happen here too. Im all in with silver and gold so go baby! 