Please see SILVER 3month and 5-year CHART ---->
Also see the long term target (20 or more years out)----
I'd be shocked if we broke through $25 without another stall back to $20 or $20.50 (the breakout) later on in the year.
But we WILL finish the year up at least 20-30% from the open price, that is my overall prediction for 2014.
The important parts are not the little waves in between. Just the move to $24-$25, back down to $21 or $20 by the time Summer comes around,and then during Q4 we can liftoff and close the year decisively bullish
(although I don't know if we can close above $25.08 but if we do that adds further conviction)
The true test of bullish continuation will simply be closing 2014 above the 2009 highs of $21.40. That should be no problem. If it happens, that will verify bullishness for 2015 and potentially 2016 as well.
I'd be shocked if we broke through $25 without another stall back to $20 or $20.50 (the breakout) later on in the year.
But we WILL finish the year up at least 20-30% from the open price, that is my overall prediction for 2014.
The important parts are not the little waves in between. Just the move to $24-$25, back down to $21 or $20 by the time Summer comes around,and then during Q4 we can liftoff and close the year decisively bullish
(although I don't know if we can close above $25.08 but if we do that adds further conviction)
The true test of bullish continuation will simply be closing 2014 above the 2009 highs of $21.40. That should be no problem. If it happens, that will verify bullishness for 2015 and potentially 2016 as well.