Silver Could Fall to $28.49 an Ounce

Bloomberg reported that, according to technical analysis from Commerzbank AG, silver may be in danger of continuing its slide, down another 5.2 percent to about $28.49 an ounce.

As quoted in the market report:

 Silver, which declined 11 percent in the past 12 months, slipped near the 2008-2013 uptrend line currently at about $29.21. Prices will probably fall below that level in “the weeks ahead” and drop toward the July 2012 high of about $28.49, Karen Jones, a technical analysis at the bank in London, wrote in a report yesterday.

To view the whole Bloomberg report, click here. 

Get the Latest Silver Investing Stock Information

Get the latest information about companies associated with Silver Investing delivered directly to your inbox.

Silver $0-15m
Silver $15-50m
Silver $250m+
Silver $50-250m

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Silver-eBook-Cover-smallSilver Investing News Free Exclusive Report: When Will Silver Go Up: Is the Highest Price of Silver Still to Come? Here’s a look at all the major catalysts that are expected to affect the silver price brought to you by Investing News - Bringing you unbiased news, education and helping investors realize their financial goals

Leave a Reply