Silver (XAG) Forecast: Silver Rally Overheated—Where Real Value Lies

I wrote “shift in sentiment” not change in trend. This is a significant distinction because the last major bottom and change in trend point is at $70.07. Between the current price around $112.00 and that bottom are many potential targets including retracement zones at $104.04 – $102.09 and $95.79 – $93.91. Minor bottoms include $90.33, $86.43 and $73.84.The retracement zones represent price areas that could be successfully tested if investors think they represent value. The minor bottoms are actual levels t ...