Silver along with gold has been bullish lately, And broke the medium term down turn on current price action drawn in blue circle.Silver is an inflationary hedge, And has been testing the longer term trend channel going back to 2008 when lehman brother bankrupted, And JP Morgan took Bear Sterns short position to make things look like bleak in white metal.
Anyway we were about to a test back to the downsloping channel on this around $28 area, And after that this would challenge all time high either Q4 2012 or Q1 2013 Once it gets pass all time highs then it will flex it muscle which can blow everyone out of thier seats.......thats the kinda of silver price action will be.My target in silver will be $70/0z before end of 2013 which is drawn in red circle Here's the longer term picture of silver.
