Silver @ 40 by end of March

I'm not supposed to be predicting but "its starting to look a lot like Xmas". Why I say that is the Silver chart is resembling last years when we had an unexpected run up in price. If you read the update below you will find that there is a huge amount of OI in silver, double what it was in December.

So if you look at the move in Silver in December it was more than 5%, so now we have to factor in double the OI, and the massive short by JPM at 36, that kind of pressure should take us to 40.

If you read my earlier posts, that was my target based just on the chart without any fundamental data. 

Dec 2010

March 2011