A “Huge Rally” Awaits Silver, But This Needs To Happen First

Silver may be headed for a significant move upwards, but before momentum can be sustained, the white metal needs to break out of its current trading range, said Todd “Bubba” Horwitz, chief market strategist of bubbatrading.com.
“Right now you’re seeing that the action is really taking place in gold and silver has been like a laggard right here. At some point, it will take over, and that point will be when it can finally break out to the upside and it’s really had a lot of trouble breaking those upper levels, so I think once it gets through, I think it’ll force the shorts to cover and then we’ll be off to the races,” Horwitz told Kitco News. (show less)

Silver may be headed for a significant move upwards, but before momentum can be sustained, the white metal needs to break out of its current trading range, said Todd “Bubba” Horwitz, chief market strategist of bubbatrading.com.
“Right now you’re seeing that the action is really taking place in gold and silver has been like a laggard right here. At some point, it will take over, and that point will be when it can finally break out to the upside and it’s really ... (read more)

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Kitco NEWS
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