Silver

Silver has also started a powerful new wave and readers will recall how we used this 15-year monthly chart to recently call the bottom in this market around $26…on a short-term chart, Silver is critically overbought and thus requires at least a brief rest in the very near future…however, as you can see in the 15-year monthly chart below, Silver has a lot of room to travel on the upside with a Fibonacci target of $78 (no timeline just yet)…history also shows that it can also remain overbought on the long-term chart for extended periods…quality Silver stocks – producers as well as good exploration plays – could potentially skyrocket…