Silver, Palladium Six Week Highs, Gold Ten Week High
2012 November 24
Silver and Palladium have both climbed to six-week highs Friday, with gold nearing its ten-week high. Both silver and palladium have climbed to levels not seen since the first week of October.
The 1 Day relative performance was heavy in commodities:
Silver’s leg-up:
Silver Doctors on what the move could mean for silver:
“If silver can clear $34 and made a daily and weekly close above the level, we should see massive short covering early next week, and a quick run back to the recent highs near $35.50. If silver is able to take out $35.50 to the upside, expect a quick move to $37.50, and likely a run to $40 by the end of the year.”
