Silver prices today notched the 30 yr high today in COMEX.Silver was trading at about $32.20,record high after 1980.
At same time, silver was trading just above of Rs.48,000,,at multicommodity exchage.Recent reports show the stronger demand will continue from Asia especially China.
Silver have now major support of $30.
Silver prices have surged from $17 to $30 in 2010.Trend is expected to continue in 2011.
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market rumors are that silver will touch 1Lac in 3 yrs,,
Will it???
one can not take a view over a period of 3 yrs..for trading point of view.
But one can definately have investment point of view on some correction.