RE:Silver turned back at $26.26 Resistance.....Once we break $2,000 gold (came about $20 from that last night), silver will easily break through resistance in the $26 - $28 range.
Two steps forward, one step back.
Will we hit Keith's $200 Ag target? It all depends on where the Ag:Au ratio bottoms out at. Some are calling for a 1:1 on the extreme end. Some are calling for God's natural ratio of 10:1, some are calling for the historically legislated standard of 15:1.
Last bull market we got to around 30:1, so I think that is a safe bet this time around. Maybe closer to 25:1 or even 20:1 could happen. This means $100 will get taken out. Probably will need at least $4,000 gold for $200 silver. But, my personal belief is we will see $5,000 gold with the insane digidollar printing the FED has been up to.
Don't fight the FED and the trend is your friend should be kept in mind. The FED wants to print the dollar into oblivion, so we have no idea ultimately how high the precious metals will go.
THE key resistance for silver is $50. Once that gets definitively broken we are in blue sky territory with no real resistance other than nice round numbers such as $100, $200, etc.