Silver steadily heading towards $25 / ounce

January 24, 2014

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.



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