Once silver breaches $30, there would be minimal resistance keeping it back from hitting $50, said Steve Penny, publisher of The Silver Chartist report.
Penney told David Lin, anchor for Kitco News, that $50 or even $30 an ounce for silver is unlikely to happen by the end of the year.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow The Silver Chartist on Twitter: @SilverChartist (https://twitter.com/SilverChartist)
0:00 – Gold & silver relationship
2:00 – Gold/silver ratio
5:40 – Mainstream adoption
7:10 – Silver price manipulation
9:05 – Price performance
11:48 – 1980 silver price peak
12:45 – Catalysts for $50 silver
13:50 – Metals and monetary policy
15:25 – Silver’s monetary role
17:00 – Siler price forecast
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