Bullish on SilverEntered a position today at 100.15, so I am already sitting on a 14% gain.
Over the next several weeks, Silver is now poised to recapture a large portion of its recent declines. However, since the recent drop has been so extraordinarily steep, it cannot fully recapture its former price position over the short to intermediate term. This will be accomplished over the longer term, but not without another significant pullback. That upcoming pullback will be somewhat less severe than what has recently occured, and will be seen as part of a base-building process to a longer term recovery.