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If I was just looking at the silver chart, I would be pretty concerned, but given silver follows gold and gold looks really good, I'm not expecting $26.50 to fail.I can't see gold going below $2,300, probably not below $2,340, and at any time it could potentially break the $2,500 figure which will be an all time high (of course it will, it's just a matter of when) and it could then go for quite a run, with multiple TA targets around $2,800-$3,000. When that happens, silver will follow upwards. We all know that is going to happen, it's just a matter of when, so it's likely not many sellers will be keen to sell too cheaply. Of course, the market can be crazy and in the short term anything could potentially happen.
If I was just looking at the silver chart, I would be pretty concerned, but given silver follows gold and gold looks really good, I'm not expecting $26.50 to fail.
I can't see gold going below $2,300, probably not below $2,340, and at any time it could potentially break the $2,500 figure which will be an all time high (of course it will, it's just a matter of when) and it could then go for quite a run, with multiple TA targets around $2,800-$3,000. When that happens, silver will follow upwards. We all know that is going to happen, it's just a matter of when, so it's likely not many sellers will be keen to sell too cheaply. Of course, the market can be crazy and in the short term anything could potentially happen.
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