Friday, February 18, 2011

Commodities Traders Predict Bullish Silver Futures - $49 - an abnormal "correction"

Silver rose from $4 in late 2001 to $31 at the end of last year – a profit of 650%.

Traders tout the commodity as the single precious metal most likely to continue its phenomenal rise.

Though it can quickly plunge, the price of silver has steadily risen, even when substantial downticks such as a fall to $28 in late December that quickly corrected to the $31 level by January 28.

The key is that silver is not correcting in normal fashion.

Bullish traders predict it will rise to a dollar higher than its all-time high of a $48 worth. They are targeting the new figure of $49

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