Today one of the greats in the business said, despite volatility, the price of silver is headed to a new all-time high.

Silver
March 3 (King World News) – Jesse Colombo:  Silver continues to rebound after its late January selloff, as I expected and alerted subscribers.

Though silver fell 5% today, it is not terribly surprising after the tumultuous events of this weekend.

Plus, as I said in my weekend update, gold is better known as a safe haven, while silver has much greater industrial demand, which makes it more sensitive to shocks in the economy and financial markets.

That said, silver is still in a confirmed uptrend according to its upward-sloping 200-day moving average, so the bias is clearly upward, and I expect silver to continue its recovery process until it reaches and then surpasses its late January highs (the $116 to $122 resistance zone).  King World News note:  Colombo has nailed the gold, silver, and mining share markets the entire way up as well as calling the pullbacks almost to perfection.  Colombo puts out many weekly reports and I read all of them because he is one of the best in the business.

US Strike On Iran Will Lead To Global Depression
To listen to Gerald Celente discuss his prediction for a global collapse and what investors should be doing to protect themselves and their family CLICK HERE OR ON THE IMAGE BELOW.

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To listen to Alasdair Macleod discuss exactly what is happening in the gold, silver, commodity and currency markets CLICK HERE OR ON THE IMAGE BELOW.

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