I think the silver price will do well in the next 18 months but its more likely going to be economic factors rather than the so called silver price manipulation. The main stream media seem to be focused on the US Feds projections to raise rates 4 times this year and 3 times next year. They might raise rates 4 times this year but I think that will be it. The US dollar is strengthening which is putting pressure on emerging market economies as many emerging market companies have borrowed in US dollars. Not only are they paying more in interest but the amount they have to pay back is increasing. China has already entered bear market territory. The Fed won't want to upset the global economy too much. Gold and Silver never do well when interest rates are rising. So when the Fed says that's it in terms of interest rate rises Gold and Silver should do well.
Time will tell,
IVR Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
