silver is set to explode

Silver Is Set To Explode
Posted Nov 29th 2010 6:00PM by Jason Raznick

http://www.bloggingstocks.com/2010/11/29/silver-is-set-to-explode/

A large scale sell-off materialized in the silver market in mid-November after the CME Group (CME) raised silver margins. The iShares Silver Trust ETF (SLV) fell from over $27 to under $25 in a matter of days on very heavy volume. It looked like a top had been put in after a heady run in the precious metal.

The SLV, however, has now retraced that move despite the fact that the U.S. Dollar has been climbing on a near daily basis. A stronger dollar should be putting a cap on the silver market, and that is not happening. This is a very bullish signal that the price of silver is going to continue to climb as we head into 2011.