Silver Prices: 3 Reasons Why They Will Continue to Soar in 2016

Published here: http://www.profitconfidential.com/silver/silver-prices-3-reasons-why-they-will-continue-to-soar-in-2016/

Silver has been one of the best-performing investments of the year, up a whopping 23.6% so far. Pay close attention to silver prices, dear reader. I believe the gray metal will continue to rise in price right through 2016.

As the chart below of daily silver prices illustrates, silver has traded above its 50- and 200-day moving averages for months now. With this, remember the most basic rule of technical analysis: the trend is your friend, until it’s broken.

But, technical analysis isn’t the only reason I’m bullish on silver prices. The fundamentals suggest the.

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