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This Silver Bull Still Has Strong Legs
Last month, silver cracked the key resistance of $30 an ounce level for the first time in over a decade. It’s been quite a bull run for silver, and Chen Lin thinks it has plenty of legs left. Lin is the founder of Lin Asset Management, and during a recent interview with Kitco News, he focused on two factors that could see silver push toward record levels. As Lin noted, the last time silver broke $30 (2011), after a minor consolidation, it quickly ran up to $50 an ounce. chart Lin focused on two factors in place that could quickly drive the price of silver higher. The first is the movement of silver from West to ... (full story)