....The silver price "Took Off". It went over $10 for the first time since 1984 a 22 year high in nominal terms only. We missed our forecast for silver to hit ten in 2005, but repeated that silver would hit ten in the first quarter of 2006 and it has! The main question is how much more upside does silver have in the short term? The next target is $10.40 just twenty cents from today's close.
The reason silver moved over 4% today is due to mining strikes in Mexico, since Mexican silver producer Peñoles the second largest silver producer in the world may have production problems at least for a short time. This happened during a time frame when many silver investors are waiting for some word from the SEC regarding the silver ETF. ....