Seeking Alpha contributor Lior Cohen poses a question that has no doubt occurred to many silver market participants these past few weeks: “will silver remain forever $21?” Cohen ultimately concludes that while forever is a long time, in the near term silver likely will be stuck between $20 and $21.
That said, not everyone believes silver will remain so stagnant. Jim Bach of Money Morning posits that “if recent history is any indication, August could help steer [silver] prices in the right direction and draw in the bulls.”
Perhaps even more interesting to silver bugs, Peter Krauth, also of Money Morning, told Bach that if silver is able to hit $22 — about an 8 percent gain — “that could attract more investment and lift prices even higher.” Krauth isn’t sure that will happen in August, but does think “odds are good it will do so this fall.”
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