EXCLUSIVE: Diversified Assets VP Comments on Silver Outlook (SLV)
Symbols: SLV
Read more: http://www.benzinga.com/analyst-ratings/analyst-color/11/04/1029702/exclusive-diversified-assets-vp-comments-on-silver-outlo#ixzz1KdJe6N3V
We are all noticing the rally in silver right now. With silver increasing over 100% in less than eight months, many have started to wonder when investors
will start taking profits. The beginning of the rally began in August of 2010, and the metal has extended its price rally for every subsequent month. This commodity has seen a large amount of volatility lately, which has raised red flags for some analysts who believe that silver could see a correction before continuing its rally.
"I think that we need to see a very fast and sharp decline in the near future before this market can continue its rally. When you have a market at levels like this you get a lot of nervous people, especially people that are long." Dan Faretta, VP of Trading at Diversified Assets, tells Benzinga.
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