I have been reading posts by Boy Hoye (321Gold) and those of a few other analysts, who have been exceptionaly accurate thus far, who think that the spot price of silver can go up to between $39-$40 in the next few days. I also heard an analyst from BOA say that silver is in a trading range of $33-$37 for the short term before moving much higher by the year end or next year. I have also looked at silver and gold charts and have noticed that after a significant crash they rally about 50% before setting new all-time lows. Accordingly, many analysts and investment firms, including Goldman Sachs, would be accurate in predicting a low in silver in the high twenties. Although Goldman did not set a specific time table on this, the investment firm that Goldman use to use for commodities research said the $28 level would be hit sometime in June or July.

Any imput or thougts on the aforementioned would be grately appreciated. I'm new to all this stuff and it has definitely been one hell of a roller-coster ride these last few months.

p.s. Thank you, Trades, for your time and detailed explanations. They are grately appreciated.