Silver Price Taking A Snooze Ahead Of Breakout?

At current levels, silver is expected to “explode” if the right trigger hits the market, owing to its superior risk-return profile, said Todd Horwitz, chief market strategist of bubbatrading.com.“I’m a buyer [of silver]. I think it’s fine and I’m willing to take it lower if it goes lower, but I do think that at one point with the ratio of 87, the one against gold right now, I think it will one time just explode and close that ratio and close that gap and I think that’s really what we’re looking for,” Horwitz told Kitco News. (show less)

At current levels, silver is expected to “explode” if the right trigger hits the market, owing to its superior risk-return profile, said Todd Horwitz, chief market strategist of bubbatrading.com.“I’m a buyer [of silver]. I think it’s fine and I’m willing to take it lower if it goes lower, but I do think that at one point with the ratio of 87, the one against gold right now, I think it will one time just explode and close that ratio and close that gap and I think ... (read more)

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Kitco NEWS
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