Auguraltrader

Silver upside target at 27.70

COMEX:SI1!   Silver Futures
Recently, there was a lot of hype on precious metals, and Silver outshone Gold (finally!), particularly over the last week or two.

This who are in positioned find themselves wondering when this parabola will end. And I’ve been asked one too many times for a projected expectation. While I do not have a crystal ball (at all), price target is calculated to be at 27.70, (with a possible intraday extension to 28) for the immediate target in this current parabolic run. Likely to reach this target around 3-5 August, if not a bit earlier.

Momentum is very bullish at this point, with “all systems go at full speed ahead”, even on a longer term.

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