Silver prices forecast september 24-28 2012

Silver prices forecast september 24-28 2012 : In June 2011, Silver futures experienced an explosive rally, almost touching the $50 level. Silver then crashed and burned, dropping to the low $30′s in a matter of weeks. 12 months later, in the summer of 2012, silver futures look to have found their supportive base at the $26-$28 region, and now have been on another impressive $7 rally over just the past 30 days. Further, silver is not even at the top of its range yet, which comes in at around $37.

This is our first minor resistance level. We proclaim a bullish case for gold and silver. Logically, if the central banks of the world are printing more and more money, one can surmise that investors will want some store of wealth which cannot be reproduced to infinity, and at this point, gold and silver fit that bill. We also look at $42 as the next major upside target for silver futures. We anticipate silver continuing its bullish run, and then finding a range between $37 and $42.

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