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Silver: Breakout Imminent or Blow-Off Top?
Silver is ridiculous yet again, as we have touched the $65 region in the silver futures market. And it looks like there's just no real hope of this thing breaking back down. That doesn't mean that you jump in and start buying it hand over fist because this is a market that can hurt you if it does pull back. That being said, I do like the pullback as a potential buying opportunity. The $60 level is the most obvious spot on this chart. But quite frankly, this is a market that I think we'll see a lot of interest near the $62 level as well. If we break above the $65 level, that's just more impulsivity in this market. And ... (full story)
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