24.11.2014 - How Long And How Much Can Silver Rally?
November 5th likely marked a turning point for silver. My working assumption is that spot silver and the iShares Silver Trust made a significant bottom on November 5th. Since then, silver has rallied over 7%. I believe it was a significant bottom due to several reasons: Silver mining stocks have significantly outperformed silver since then. SIL closed at $8.23 on November 5th and closed above $10 on Friday, which is a gain of over 21%. Usually, when silver is in rally mode, silver miners will outperform. Investors become more optimistic and take on more risk by buying the miners.......................................Full Article: Source
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