Silver Is Having Its Best Day in 15 Months

Tyler Durden's picture

In all the excitement over gold, silver has been largely ignored or forgotten. Today, it was the "poor man's gold"'s turn to stae a dramatic comeback posting its biggest single-day jump in 15 months. Having now retraced the Fibonacci 38.2% level of the record plunge, it appears $25 is th enext target - which is around 50% retracement levels.

Best day in Silver in 15 months...

 

with a target for 50% retracement at around $25...

 

Charts: Bloomberg