Silver steadily heading towards $25 / ounce

New York (Jan 24)  Silver seems set to print Higher Low at $19.61 before Higher High around $20.83.

  • White metal eyes $25 in long term.

  • Current price of metal is less than its mining cost that may expedite the ongoing bullish trend.

  • Price consolidation above $25 is less likely due to improving US economy.


Silver is in correction phase before resuming further upside movement. The metal closed at $19.91 per ounce.