David Banister expects Silver to correct to the 40 to $42.75 areas based on his Fibonacci work and Elliott Wave views, and after this 4th wave consolidation we will see a surge to as high as $60 per ounce. Any pullbacks in Silver should be bought here and same with the Silver stocks post haste.

Below is David’s latest chart forecast on Silver:

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Courtesy of Chris Vermeulen, the author of the The GoldandOilGuy.com