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Silver Poised for ‘Golden Cross’ Advance to Record $50: Technical Analysis
Sep. 01, 2011 02:53PM PST
Silver Investing
Bloomberg reported that some analysts expect silver prices to increase to $50 by October.
Bloomberg reported that some analysts expect silver prices to increase to $50 by October.
The market news is quoted as saying:
“The 50-day moving average is rising after the recent price gain and is looking like it will cross the 100-day moving average in the coming days, which will be a bullish technical signal,” said Mark O’Byrne, executive director of GoldCore in Dublin.