Silver looking good but what will it take to hit $50?

It may take another miracle to hit $50 an ounce for silver, said Todd Horwitz, chief strategist of BubbaTrading.com, but another analyst offers a different view.

“I think it’s going to be more of an organized rally but you never know. Once the big money comes into these markets, these markets really move. We saw quite a bit of funds flow into platinum, platinum’s up $35 today, and that’s a smaller market,” said Phil Streible, senior market strategist of RJO Futures.

Streible added that while a parabolic move for silver may occur, he doesn’t see it happening quite yet.

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INDICES

Name Last Change
DOW 26950.00 0.06%
S&P 500 2991.78 0.01%
NASDAQ 8112.46 0.06%
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TSX-V 589.98 0.00%

Resource Commodities

Name Last Change
Gold 1522.12 0.10%
Silver 18.63 0.16%
Copper 2.61 2.612
Platinum 901.00 0.67%
Oil 58.64 0.94%
Natural Gas 2.53 0.28%
Uranium 25.53 0.59%

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