Is silver about to explode higher in the next few days?According to Michael Oliver ( he of the 50$ silver soon prediction) silver needs to close at a little over 25$ by next thursday , which is the last day of November/23...
According to Oliver, once silver blasts through 25$ it is off to the races ...50$ will come very quickly...
Most silver analysts claim 30$ and 38$ are strong resistance levels but Oliver says these levels will prove to be no match for the silver bulls...
This monday , Comex might try and succeed in getting the price of silver even 1 cent below 24$....Why? Because moat of the "calls" are at 24$ and upwards... If silver closes at 23.99 at the deadline which I'm not sure is at what time of day , then the Crimex saves millions of dollars in payouts...In other words, all these calls will close out worthless or as they say: "out of the money"..
Anyways, now is not the time to sell your shares of your favourite silver stocks as silver might be exploding higher very, very soon...
Now if silver doesn't start a new powerful bull run, then yes, by all means get out of your position but isn't better to see what transpires in the next few days and weeks?
The US dollar is starting to tank and as this happens gold and silver should explode up....