Once silver violations $30, there would certainly be marginal resistance maintaining it back from hitting $50, stated Steve Dime, publisher of The Silver Chartist report.
Penney told David Lin, anchor for Kitco News, that $50 and even $30 an ounce for silver is not likely to take place by the end of the year.
Adhere To David Lin on Twitter: @davidlin_TV ()
Comply With The Silver Chartist on Twitter: @SilverChartist ()
0:00 – Gold & silver connection
2:00 – Gold/silver ratio
5:40 – Mainstream adoption
7:10 – Silver price manipulation
9:05 – Cost performance
11:48 – 1980 silver rate peak
12:45 – Catalysts for $50 silver
13:50 – Metals and monetary policy
15:25 – Silver's monetary role
17:00 – Siler rate forecast
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