Totally Normal Silver Market Goes Vertical

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: