Welcome To The Silver Standard Resources HUB On AGORACOM

SSO on the TSX, SSRI on the NASDAQ

Free
Message: silver is misunderstood

silver is misunderstood

posted on May 06, 2009 08:08AM

david morgan comments on the silver market. the article also mentions silver standard, but says the company doesn't mine silver. maybe they haven't gotten the word yet:



Morgan predicts that continuing financial instability will push silver higher throughout 2009. "I think silver will establish a wide trading range this summer," says Morgan. "But by early fall, we should start to see strength. By late 2009 into first quarter 2010, I'm looking for it to go beyond the $21 level it established in 2008."

The key, says Morgan, is the $25/ounce price point. "Once we get to that level and stay there for at least three or four consecutive trading days, I think you'll start to see a real acceleration in the silver market," he says.

"After that, how high is high? No one knows. There's no upside resistance once we break through that level, because anybody who owns silver is going to say, 'Well, I'm not going to sell now.' And that's when we'll see those markets really start to accelerate."

http://www.commodityonline.com/news/...

Share
New Message
Please login to post a reply