The near-term outlook for Silver is bearish as it could test $21-$22. However, this would be inline with past corrections in a bull market. Potential targets for the end of this bullish cycle include $50, $60 and $90.
Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.