Silver May Be Positioned for Undersupply

Mineweb reported that the silver demand/supply scenario may be leaning towards an undersupply position.

As quoted in the market news:

Silver currently exhibits a very intriguing set of market conditions.  From a technical perspective, few charts are able to develop the pressurized conditions now visible in silver.  Exactly one year ago, silver began a violent three phase consolidation.  We now suspect that this consolidation is nearing completion.

Click here to read the full Mineweb report.