Hi Yo SILVER away! ...............from Rico

 Watching SILVER at the CME (Chicago Mercantile Exchange) shows:

- Registered   137,960,132oz

                     (down 321,000oz)

- Eligible        318,034,396oz

                     (stored, but not deliverable without conversion; down

                     456,000oz)

TOTAL            455,994,528oz

                     (down 778,020oz)

 

So? Here's a SWAG:

 

BULL CASE      $100-120oz, premiums spike

                      20-50% over spot

 

BASE CASE       $70-90oz, following its 90%

                       YTD gain which may

                       extend another 20-50%

 

BEAR CASE       Capping at $60-70, it looks to be heading for $65 now;

                       today's spot close was $57.53