Silver’s Future Remains Bright

Silver Investing News reports silver taking its cues from gold making its future bright.

While prices aren’t expected to take any considerable losses in the short-term, just how far prices will advance in the medium to long-term is up for debate. While Coulling’s technical analysis suggests silver’s “bullish momentum remains intact”, she quickly points out that prices are nearing a “critical point . . . as they attempt to break through the heavy congestion area immediately ahead, which at the moment seems to be providing solid resistance to any move higher.”

Coulling suggests some exciting news is needed to move silver through this resistance and into the $16.80 to $18.50 level.