Why Silver Prices Will Double

Summary: While the title may grab your attention, it’s in fact not too far-fetched according to this analysis. First is demand, which is up an astounding 50% over 2012. Looking at it from a technical perspective, we see how silver has tested the $19 low several times BUT ALWAYS HELD IT!! Fundamental demand and technical figures indicate silver is in for a strong bull run. Also, silver has breached the $46-$48 price level before, so it’s not unheard of. Gold would have to hit $2800 ounce to double – of course, it’s never seen that price level. But if we dig deeper and look at real median household income, we find that it’s still 6.5% down from 2007. Many believe the economy is improving since the stock market has been doing well. But if wages are declining, how can we see economic growth? The answer is you can’t according to this analysis. This by far is probably the biggest case to be made for silver prices doubling. Read more…

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