Ag's been in a ranging market for a while now but is narrowing its trading range. Given the conflict in Syria, I expect more volatility in the PM market which may break it through the descending trendline.
My prediction for Friday's closing price: $17.50 (or in the vicinity of this round number)
Thank you for being the first participant in the "Guess the Silver Price" game!
So far, the concerning situation in the middle east - as well as the over all very concerning situatuation between the US, Britain ect. and the Russians - has remarkably little effect on the metals prices. Especially gold used to be a kind of insurance during times of conflicts, but this time there was only a few little ups that got quickly supressed again.
Well, lets see where the journey goes. 17,50 by next friday would be a nice increase, but still be miles away from a realistic price for such a rare and useful material like silver. Over time, we will see much more movement here, I guess.
You're probably right, perhaps by May. But it would make me (and I'm sure many other freedom seekers) feel a bit richer, if it did have a rapid move.
Thanks for hosting this thread.