Silver: Is This The ‘Last’ Decline?

Summary: This analysis from SeekingAlpha discusses the silver market and if the latest decline(s) are the end of the correction. If prices rally, will it be the formation of a new all-time high, or a more “corrective” rally to $26/$27 followed by one final bottom. The latter seems to be the most likely scenario, with a new bottom being reached sometime in late summer, early fall. Gilburt also explored the all-important question of what moves the silver market. Another analyst at SeekingAlpha explained how the Fed’s QE really doesn’t have the impact many thing. Gilburt concludes by saying that at the core, confidence in gold/silver/whatever is what really moves markets, not quantitative easing. Read more…