Yesterday James Turk called for silver to make new highs in a matter of weeks. Today, Richard Russel joined the party looking for an imminent rebound in silver. It is easy to see why these calls are being made, as silver has bounced $6 in a little over 2 trading days. It will be interesting to see whether physical silver buying can power the market up through $40, or whether paper profit taking near $40 sends the market back down to the $33-$35 range to test the bottom before rebounding.
Whether silver retests its lows or powers straight back to $50, readers should have been and should continue to stock up on physical silver at these discount levels provided by the take-down.
Click here for Richard Russell's silver analysis:
