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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Silver: Are we going to $60 or $22 next?

Posted on 17 December 2012

The last time I wrote regarding silver, back in November, silver futures were in the 32.25 region. I noted that “I am looking at a potential move up to the 34.40 region” before we see further downside movement towards the 29 region. On the 29th of November, silver hit 34.49 (missed by 9 cents), and then began the downside consolidation I expected.
While my expectation was for silver to drop to the 29 region, I am not sure, at this time, if it will get that low. But, if we do begin to move down, there is even an outside chance we may drop as low as the 22/24 region before the parabolic rise takes us over $60……………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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