Looks like the price of silver is trending up again as it did a few short weeks ago....outpacing gold's increase. Will a 70 GSR be tested any time soon? .
I think long term it is going much higher, but I still believe we are going to drop one more time before lift off. I think we will re-test the recent lows of late 2015. Right now I can't think of what the alleged catalyst will be to cause my prediction to happen considering external factors seem bullish: Brexit vote, no Fed interest rate hike most likely, all the headlines on the PM bullish sites, etc (ok forget that last one). I know many here don't care about the COT numbers but the gold and silver commercial short to long ratios are amazingly high on a historic level. I still think they are, if not the "smart money", at least smarter than the large specs for future trends. I would not be surprised if we went up to an $18 handle in silver in the near future, but I am guessing not going to break $20 on this go around. PS With interest rates at zero and negative rates in many places, gold should be more "popular" and I don't know why it is not. Just my opinion. Jim
