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Thursday
Feb222007

SILVER: Preparing to challenge recent highs?

After a $0.44 price rise yesterday, Silver looks to be poised for an ascent above and beyond its recent highs of $15.00 or so.

From the chart we can see that silver has been dragged down by the bears but has managed to hold at the 200DMA and rally back again. It is now in position for a serious assault on $15.00 and from there we expect silver to take a run at the $20.00 level.

silver22feb07

When this happens we believe that some sleepy investors will be awakened to the true value of silver as a metal and as an investment in terms of holding the metal and silver mining stocks. Their participation will bring new money into this small sector of the market and it will chase prices ever higher.

So now is the time to get your portfolio into position to take the maximum possible advantage of what’s to come. We will shortly add some new silver stocks to our portfolio and will indeed publish the reasons for putting hard earned cash into such investment vehicles.

When we do this we invite you to comment and add your thoughts to the debate as we may well have missed a vital piece of information. Your comments add balance to the debate and all of our other readers will benefit from it.

Time to get moving if you are not already in!

22 February 07



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