So Why is Silver on the Rise?
Technical terms : It's in a huge starting 4-5 years ago. Descending Triangles are good for timing entries and finding the best exits .
Fundmental terms: Demand Increase, Comex having supply issues and the market makers at the comex have recently moved positions from "Net Short" to "Net Long".
What levels to look out for?
You should look out for in the short term 13.50 -13.00 (IF THIS IS BROKEN EXPECT TO SEE FURTHER DOWNSIDE)
15.805 If we see this level broken we will see a influx of buyers sending the price to 21+
In the longer term we are targeting around $50 in around 2 years.
Levels to focus on until 2017
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Happy New Year