Last night we pondered whether The Fed will attempt to continue last week's silver smack-down by announcing there will be no QE3. (Even while quietly beginning QE3 behind the scenes.)
James Turk is looking for no such continued sell-off, today stating he expects silver to make new highs above $49.78 in a matter of weeks. Citing strong physical demand and a doubling of backwardation since the sell-off began last Monday, Turk believes this time will be different than the drawn out 2004, 2006, and 2008 corrections.
Click here for James Turk's Entire Silver Analysis:
