Silver May Drop to $25 This Month on `Cup-and-Handle’

Bloomberg reports that Silver futures for December delivery fell 56 cents, or 2 percent on the Comex in New York.

The market news is quoted as saying:

After the “cup-and-handle” is formed, prices tend to increase significantly, as silver did on Nov. 9 when it touched a 30-year high of $29.34. Now, the metal will fall to $25, before rebounding as it tests the pattern, Patton said.

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