After a parabolic move to almost $50.00 in 2011, it has taken silver several years to consolidate. So, the question on the minds of many in the silver community is, what does 2014 hold for the silver price? Don Harrold of the Day Trade Show, in a little over 15 minutes, explains why he wouldn't bet against silver in 2014.
Below is one chart view of the silver price. If I had to guess, it's possible the silver price could continue to consolidate, and then move up somewhere in the May to August 2014 time frame.
Could the silver price go higher sooner? Time will tell. Important resistance on the way back up will be found between $24 to $26.
While I have been skeptical for quite some time about the silver price, I have become more optimistic over the past few weeks given the charts and price action.
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