SILVER GOES VERTICAL, SPIKES THROUGH $34, GOLD CLEARS $1750
NOVEMBER 23, 2012
After consolidating throughout the entire overnight Asian and London session between $33.40 and $33.50, silver has just broken out with a vertical move to the upside, taking out $33.50 and popping THROUGH $34.
If silver can clear $34 and made a daily and weekly close above the level, we should see massive short covering early next week, and a quick run back to the recent highs near $35.50. If silver is able to take out $35.50 to the upside, expect a quick move to $37.50, and likely a run to $40 by the end of the year.