How High Are Silver Prices Going ?

Silver Futures---Silver futures in the September contract is trading sharply higher for the 4th consecutive session up another $0.19 at 15.87 hitting a 4 1/2 month high continuing its bullish momentum. I have been recommending a bullish trade from around the 14.93 level and if you took that trade the stop loss now stands at 14.90 as an exit strategy as the chart structure will start to improve on a daily basis.

The precious metals across the board are in bullish trends as I have several recommendations in this sector all to the upside as I still think silver prices will test the February 20th high of 16.47 possibly in this week's trade.

Historically speaking silver prices are incredibly cheap compared to gold and I think that situation will start to narrow in the coming months ahead as silver prices still look cheap in my opinion.

If the contract high is broken I think prices could trade up to the $20 level in the coming months ahead as you have to remember gold prices are right a 6 year high while silver prices are still hovering near a 10 year low so stay long and continue to place the proper stop loss as this trend is getting stronger and stronger.

TREND: HIGHER

CHART STRUCTURE: IMPROVING

VOLATILITY: INCREASING

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