After regaining nearly all the losses sustained in Wednesday’s big COMEX open raid overnight and finally clawing its way back above $34 early in Thursday’s COMEX session, silver has just gone vertical popping .50 to $34.50.

 

Look for resistance to slow silver’s advance at $34.50, but we expect both this level and $35 to fall shortly, and silver to challenge its major resistance level of $37.50 before the end of the year.

 

Gold is also strong this morning, but has yet to get back above the major $1730 cap the cartel held in place for several weeks prior to gold’s big gain on Monday, and quite interestingly, did not accompany silver’s vertical move to the upside:

    • Now, be honest guys…how many of you did as I did yesterday at roughly 9:30 a.m., and called SD Bullion to lock in a nice order of silver phyzz @ $33?

      Can we see a show of hands, please? 

      THIS is a textbook case of why you don’t “wait for even lower prices”….you just pull the trigger.

    • You are correct! Silver just recovered fast enough from its losses. About one year ago, it took the cartel one third of the USA’s annual silver production in paper to crush silver’s price by 5$ or even more. Now, it takes the cartel the whole USA’s annual silver production in paper to crush silver’s price by 2$ or less.

    • LOL! Meanwhile, Bernanke is praying that silver shouldn’t ever go over 30$ per ounce again. Oh wait, silver is now at about 33.70$ per ounce! Haha! Jokes on you Ben!
       

  1. LMAO  at all the the pictures of Blythe. Lol
    Anyway I see the price of Silver taking off when it crosses $35.25 and I don’t see a resistance at $37.50 just a few hiccups as it crosses $40.00 Dec is going to be a good month as is next year.

  2. Now, silver dropped and the price of silver is at about 33.70$ per ounce. There are still a lot chances that silver will continue to go up. I was also to buy some junk silver when silver was at about 33.40$ per ounce during this weekend! :)

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