Till it goes up.......or will it stabilize and go down?

I'm not a financial analyst, but my gut feeling is that it will continue to rise because people are still buying. On the bad side, once the buying slows and profit-taking begins, the price will drop back into the lower to mid-20's. Anyone who is buying now as it continues to rise will either have to sell quickly when the price starts to drop or be prepared to hold onto it for a while praying for a recovery.

I've noticed this "peak & valley" trend going back to when silver was less than $6/oz. It rose to $10-$12, stayed there briefly, then dropped back to $8-$9; then it rose again to the $14-$16 level, remained there briefly, then dropped back to about $12. This cycle has been repeated several times, and most often, the "peak" periods are a much shorter span of time compared to the "valley" periods.

Chris

Long term silver is strong.  Not only considering that production has not been able to meet demand for more than a decade, but most commodities will see an upward trend as long as the Fed keeps running the printing press.

Now it finally broke the $35 mark.......maybe on its way to $40!