Silver: New Paradigm
Posted on December 31st, 2010 by MoverMike
Silver was up in price 80% in 2010 and is near $31 an ounce. I am fascinated by the talk that Silver could trade higher than Gold as in this video from Future Money Trends:
My take on the 2011 target for Silver: The metal is extended and a considerable distance above the exponential 40 week moving average at $22.60. That means despite the video, we could always have a correction. I would get half my position in Silver at this price and if there’s a pullback into the mid- to low-twenties, buy the other half. (see chart)
Tags: Predictions for 2011
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