When it comes to barter, people are likely to naturally revert to gold and silver as a monetary asset. This is how silver will be restored to being generally accepted as money.
Optimists are touting that silver could eventually see new all-time highs over $50. We are in agreement, but first, we need to break above $33. We await.
Near the end of the phase for gold, you'll get a ballistic move in silver. It may reach $40, and $37 is almost a lock. $40 is very likely, and there's an off-chance we might even get to $43.
We continue to bang up against that resistance zone at $33, hitting a high of $33.22 but closing at $32.39. It highlights the $33 resistance zone which has held us back now since May.
Silver this past week jumped to a high of $33.02, surpassing the May high of $32.75. But just as soon as one could say “new high”, silver reversed and closed at $31.82.
