Silver – Not Ready For Prime Time

Summary: This analysis from Michael Noonan explains how silver could rally to record highs, but that in the present, that’s an unrealistic expectation based on market charts. Currently, the fact is silver struggles to stay between $18 and $25, but that it represents a tremendous buying opportunity. Many silver enthusiasts have expected the metal to be much higher, but a variety of manipulations and central bank machinations have held it down. Central bankers specifically will not allow the price to rise according to Noonan, but that the ultimate outcome is they won’t be able to hold it back once it occurs. However, it could be several more years before this situation completely unfolds Noonan explains. Read more…