Silver has FAILED, it will SOON go to 4$/ozSilver has created a very bad pattern. Its price that has always been overrated over the years is finally returning to correct values.
I have been shorting the silver since April 2011 when it was at $ 50 and I currently have good reason to believe that the price will continue to fall.
Silver is an even more useless metal than gold and is much less attractive than the traditional market. Gold and silver made their times in the 70s, now it's time for traditional markets to shine, having real intrinsic value.
My advice is a short at least up to $ 4 zone. I think the real value of silver is between $ 4 and $ 1 an ounce. The value will also fall thanks to markets such as the S&P 500, Nasdaq and Dow Jones which will continue to rise for a long time.
