silver heading to $50- bank of america

What's this, bankers calling for $50 silver this year


Silver, which plunged 27 percent last week, still is poised to climb to the ?very important? price of $50 an ounce by the end of the year, according to technical analysis by Bank of America Merrill Lynch.

?You?re still in an uptrend, despite the sharp sell-off? as shown by an intermediate-term trend from the lows on Aug. 24 and Jan. 28, Mary Ann Bartels, the head of U.S. technical and market analysis at Merrill in New York, said yesterday in a telephone interview. ?The uptrend was not broken.?



http://www.bloomberg.com/news/2011-05-11/silver-is-still-heading-for-50-an-ounce-bartels-says-technical-analysis.html