Recent price action in silver does not justify a bold prediction at the moment. However, my patiently bullish outlook for gold implies it will drag silver higher when the time comes. The most positive thing that can be said of the latter is that the spike high that occurred on October 20 exceeded an external peak at 23.81 that would likely have trapped many enthusiastic buyers badly. That means the moderate selloff since has been corrective and should be viewed as a buying opportunity. As such, our focus will be on doing so on weakness that meets our criteria for bottom-fishing. Stay tuned.
SIZ23 – December Silver (Last:23.28)
