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.