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Is silver likely to decline from here?

Posted on 21 November 2013

Looking at the chart of silver from today’s point of view, we see that at the end of the previous week, the white metal (similarly to gold) moved higher after Federal Reserve Chair Nominee Janet Yellen told that monetary stimulus tools shouldn’t be removed too soon. If you recall, several days ago we wrote that gold could move higher but that that would just be a counter-trend move and would likely be followed by further declines.
On Monday, two top Fed officials from opposite sides of the policy spectrum, fueled expectations that the Federal Reserve could taper its bond-buying program. Their comments pushed the price of silver to slightly above $20…………………………………Full Article: Source


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VRS - who has written 39476 posts on Opalesque Commodities Briefing.


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