from Gold Silver Worlds:
Silver has underperformed gold lately. In the first quarter of 2014, both metals have rallied nicely, but, somehow suprisingly, gold did better than silver. It leaves a lot of investors with the question whether silver is in a bull or in a bear market. David Morgan, founder of The Morgan Report, one of the most qualitative precious metals investing newsletters, discusses his view on that question.
He reminds us that, a year ago, he told people that silver was a buy at or below $30 an ounce. The key support level, up until then, was $25 to $26 an ounce. After it broke down, it is acting as a very strong resistance level.
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