Re: Wow, silver certainly getting volatile
posted on
May 01, 2011 07:59PM
I can not speculate about tomorrow but just using gold as a reference, silver should go to about $100 and then correct to about $70 and remain there. This is provided gold does not move from 1500 or so.
The common usage of 'Correction' is after a rise to refer to the pull back, as if the rise was improper or over done.
I say that silver price is and has been for years under valued ( Gold/Silver ration should never have been over 50 ). So if there is any correction it should be towards establishing silver at it's correct price. And this is not taking into consideration the silver shortage.
A few meek words from the peanut gallery. Cheers.