Are we nearing the end of the great silver depression? Theodore Butler for SilverSeek thinks that the days of the silver price depression are just about gone and that the metal could be headed for its true free market price. That's a price much higher than what it is now, Butler points out. What's his argument?
- An apparent liquidation cycle taking place on the COMEX for silver and gold futures
- Historically, low-risk entry points are presented when liquidation cycles have exhausted themselves
Alas, silver is below its trend line. Will this prediction come to fruition? Keep your eye on the 200-day moving average and be prepared with an entry and an exit strategy before investing in a fund.