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cbwang888 (25.59)

Silver's revenge

Recs

7

February 23, 2012 – Comments (0) | RELATED TICKERS: SLV , GLD , GDX


 After 33% drop in a week in May 2011, and 25% intraday drop in September to $26/oz and consequently tested that $26/oz near the end of December, silver is standing above $35/oz top that set in October, 2011. 

 

Silver is entering the $35 ~ $42 zone now and momentum traders are going to push it above $40/oz by May. 

 

Gold breaking above $1800/oz will likely trigger the 20% silver run.  

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