On one hand I am reading about Sprott selling off and this being bad. On the other hand, I am reading about a possible shortage of silver at the Comex.
As for the technicals, the short-term does not seem to look positive but then there are those saying the short-term is being manipulated to counter the long-term.
So, is silver doomed or not?
Personally, I think the sentiment is that a slower world economy will lead to less demand and thus lower prices for silver. I feel this sentiment is a fundamental likely to show itself sooner than later in the technical side of things.
I know the importance of technical analysis, but it seems sometimes the fundamentals are overlooked in favor of the technicals. Today, I feel both should be carefully examined before making any type of a move in the PM arena.
So, do you agree silver is on the doomed downslide or do you think otherwise?