I am expecting silver to consolidate within the $16.25-18.50/oz trading range for the near term. This will create some very good buying support off $16.25. Support is needed after the big fall in silver from $21.25/oz during March. The justification for the weakness is likely to be concerns over weaker economic outlook, which I suspect will drive all commodities lower.Andrew Sheldon www.sheldonthinks.com
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