Silver Still has Room to Fall

Forbes reported that, given the current state of global economics, they believe that both gold and silver are primed to fall further, based on the fact that they foresee a round of panic investor selling, which could drag the precious metals down even further.

As quoted in the market report:

Most mom and pops are sitting on substantial unrealized losses and are likely to panic sooner or later. If such panic occurs, there is room for the price of gold and silver to go even lower. For the very, very short-term time frame, we have upgraded gold and silver.

To view the whole Forbes report, click here.