Potential Support Levels for Silver
Seeking Alpha Analyst Since 2010
Silver has been falling off a cliff. What are the potential support levels? Here is a chart study of silver on a weekly time frame. (I used stockcharts.com in this case for charting.) I don't think it will go down to 26-27, since at today's prices, gold/silver ratio would be 55:1. 22.5 is even more unlikely. My best guess is that silver will settle either at 35 or 32.5.
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