Commodity Trade Mantra

Posts Tagged ‘Chart of Silver Prices’

A Massive New Rally in Silver Prices could take the Gold

The S&P 500 is up 5.77%, riding a wave of Trump-mentum. Gold is doing better, with an 8.47% gain. But silver is sprinting, with a 13.5% gain. If silver prices keep up this pace, that would work out to a 65% gain for the year. Silver is ready to run — the starter pistol is cocked. The race is beginning, and silver prices could take the gold. Investors should get out of the way, or ride this rally for all it’s worth.

Silver Prices Setting up to Reward Investors Big-Time

Looking at just the technical analysis, if you are bearish on silver prices, I suggest you think again. They suggest a bullish sentiment prevails and silver prices could go much higher. It shouldn’t be shocking to see $30.00-an-ounce silver by the end of 2016. I am not ruling out silver prices back up at their 2011 highs around $50.00 in the next two to three years.

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