With silver overbought and herd greed soaring, downside risks abound. Silver will get sucked into and amplify any material gold selling back to the lower end of its high-consolidation trading range.
Ira Epstein discusses the state of the metals markets, highlighting a recent rally in stock indices following weaker-than-expected CPI data. However, the data's credibility is questioned.
Ira Epstein discusses the recent surge in metal markets, highlighting silver's near all-time high at almost $67 and gold's performance relative to silver.
The rally has been amplified by aggressive call-option buying and a weaker-rate backdrop, with silver now sharply outperforming gold despite growing warnings of blow-off-top risk.
Crash or sell off will be there (in gold and silver) if and only if the price trades below key support for a minimum of thirty-six consecutive trading hours.
