The negative but still very bullish estimate for SLV would now be 25.
The 2007 to 2008 older trend also coincides with the recovery of 2009 and this trend also matches these two prices
SLV volume here doesnt really kick in till 19 but I guess it would be surprising to see that much of a drop
Of the two I still expect silver to be more volatile then Gold at some point though many believe silver will not fall greatly again like 2008 it is still greatly dependant on industrial flows with stockpiling by both business and now also private individuals for investment purposes
At 27 silver prices now approach a trend of rises existing during 2007 and most of 2008 before Lehmans popped its clogs and US Federal Reserve doubled the worlds reserve currency monetary base.
With QE2 underway and the Dollar index in a steady decline for some time it will be interesting to see how well silver adjusts to a lowering currency worth and also questioning of China and other world economies
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