Silver has made some violent moves lately, comparable to a seasonal storm on the pacific ocean that creates swells taller than buildings.
As silver zig zags up and down, it will soon be decided whether or not this is a flat correction. If silver does not break $28.15 soon, a correction as low as $22.95 is very much on the table.
However, if $28.15 is broken, $29.20 the next resistance level will, be the next level the white metal will reach in no time at all.
December brings a new month, profit taking, the clousure of books and new margin requirements going in to effect within the precious metals markets. Keep an eye on your holdings, overall the long term outlook for silver is shiny, but the eye of the storm is about to be crossed.
Batton down the hatches and be prepared to secure your precious metal holdings if necessary. The market manipulators may be out in full force to shake any weak hands loose of their precious metals investments.
Don’t forget all the turmoil that is forcing all precious metals prices to go up. Nothing has changed, if anything, they have gotten worse.