Loading ...Bottom line: Goldman once again goes long silver, expecting the precious metal to hit $30 in the coming months.
Earlier this year we initiated a long silver trade recommendation, and then closed out of after silver prices rallied by 50%, briefly touching our $30/toz target. Now, with silver at $24/toz and a few potential upward solar surprises in the coming months, we reopen the trade.
Goldman’s target may be conservative: one look at a chart of TAN vs Silver shows that if and when TAN’s momentum migrates to silver, $30/oz may be just the start.
https://www.zerohedge.com/commodities/joe-biden-about-send-silver-soaring
I thin I will go and throw up……all over GS’s front door.