| In September, we alerted readers to watch Gold and Silver prices for a development that could signal a market low. We believe that low arrived on November 30, and prices are now tracing an upward pattern that should continue until the middle of 2015 or beyond. For several reasons, we expect the current price area to serve as a base for both precious metals to rally. This article presents our forecast for silver prices, which we believe will test targets in the 20’s in coming months.
Even though we are watching for higher silver prices, we expect the rally to take a three-wave corrective form. The monthly silver chart below shows some of the context around that prediction. For both gold and silver, there are numerous signs that the price decline from 2011 was merely the first part of a larger corrective structure...............................................Full Article: Source
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