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The silver market had a positive session on Thursday as it broke through the top of the hammer formed on Wednesday. This was a bullish sign, although we did manage to give back a little bit after $33 level. Nonetheless, it is obvious that the silver market is in a very strong uptrend in selling this market would be foolish to say the least. On dips, we feel that this is a "buy only" market.
Because the market is acting so strongly, it will kick off a much stronger up leg as far as we can tell. We think the precious metals will continue to do well as long as the central banks are hell-bent on easing. There is a bit of a currency war going on out there, and as such precious metals are to be bought, and never shorted.