Is Silver Overvalued, Undervalued Or Priced Just Right?
Subject:Is Silver Overvalued, Undervalued Or Priced Just Right? By: Bill Downey
Overview: Long term silver continues its decade long uptrend and is well in the confines of its growth channel. A new channel with a greater slope is trying to establish itself. Should we get a big rally in silver, we expect this channel to provide the major support and resistance areas. Odds continue to favor the upside for silver longer term, but one cannot overlook the potential to touch the lower channel lines every now and then.