i don't think we see $25 silver until the end of the year, but he makes a good point about the metals doing well in what is normally their slowest season.

The silver price improvement has finally caught up to that of the gold price. Its monster 70 cent move up on Tuesday brought a smile to my face. When 21 is indeed broken, look for a powerful breakout to at least reach 25, and probably shoot up to 30. Recall that we are still in the slow precious metal season, so prepare for something very big. The central banks own no silver. The commodity trading pits are under pressure to deny delivery. Shortages are reported by both the USMint and diverse coin dealers. Some silver merchants report continued brisk trade, the only arena not flashing red lights.

In the last two months, some important points should be kept in mind. The bigger mining companies must replace depleted reserves. They are turning to the successful explorers, case in point being both Goldcorp and Barrick. They are not interested in acquisitions of mid-sized junior miners, but rather the explorers that possess expertise in exploration and discovery of valuable ore deposits. A bidding round of junior miners is not only likely, it is also guaranteed. My eye is set upon the hedge funds who are in many cases employing spread trades, going long the large mining stocks and going short the explorer speculative mining stocks. Expect hedge funds to take heavy losses.

http://news.goldseek.com/GoldenJacka...