Silver Over $50 Coming Sooner Than You Think

Since my last silver article on Seeking Alpha, I have been overwhelmed with emails requesting an update. In the article I suggested that we were nearing a bottom for silver before it begins a parabolic rally. I noted that if silver broke below the recent 29.90 support level in the futures, then the most likely bottom for silver would be the $26 region, with the potential to drop even as low as the 22.50 region. So, let’s see if that analysis is still applicable at this time.

Read more here… http://seekingalpha.com/article/317032-silver-over-50-coming-sooner-than-you-think

• Posted on January 3rd, 2012
• Posted in Precious Metals News
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