Silver: the market’s top performer

- February 19th, 2009

Silver Investing News reports silver price is performing well despite the instability in the commodity markets. This week the precious metal has soared past a more than five-month high reaching upwards of $14.35 Wednesday morning. Analysts have said if the price can breach $13.88 (which it has and then some), then we could very well … Continued

Silver Investing News reports silver price is performing well despite the instability in the commodity markets.

This week the precious metal has soared past a more than five-month high reaching upwards of $14.35 Wednesday morning. Analysts have said if the price can breach $13.88 (which it has and then some), then we could very well see silver at $16.50 in the medium term. The next key resistance to watch is $14.70. However, be aware that the silver market is a volatile one and a slide down is quite possible. But the general trend, according to Crown Forex, is to the upside as long as support at $12.00 remains steady.

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