When you put the technical factors together with the fundamentals, there appears to be an extremely strong bullish case for silver with significant upside.
In order to get back to a wildly bullish set up in silver, the Managed Money traders et al. would have to be coerced/tricked into puking up long positions, or going short something in the order 31,000 ...
Support is now in the $28/29 region. As long as that holds, this set-up is projecting us to an ideal target between the $36.50-40 region in a very strong and relatively fast rally.
India is expected to witness a significant surge in silver imports this year. This growth is primarily fueled by the rising demand from solar panel and electronics manufacturers.
