November 19, 2011

Schiff Radio: Silver, Euro Outlook

Viewer Questions: Regarding silver from a technical view, do you think it's forming a bearish rising wedge pattern that can see drop further to support around $21 before rebounding?

In addition, the ECB needs to print more money to buy Italian bonds and keep the Italy-Germany 10 year spread beneath 450 to avoid margin calls on Italian bondholders. A weaker Euro would cause metals to fall relative to the dollar.

Related: IShares Silver ETF (SLV)

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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