Here's an update on Silver from technical analyst and friend Chris Kimble. Chris sent me this yesterday afternoon, but I was too busy enjoying the sights of Manhattan to check email. So here it is, pre-market open.

And speaking of Manhattan, dinner last night at Nizza was outstanding. I had the Grilled Salmon (roasted eggplant puree, farro salad, grilled asparagus, paprika & basil oils). Highly recommended!

But I digress. Silver, away!

Click for a larger image

Chris comments: I posted a Silver chart on May 11th, suggesting that if a breakout takes place, "hop on board Silver!"

I've receiving many emails asking for an update on Silver, the extra hot metal of late.

So here's a 30-year snapshot on silver with an update on the upside Fibonacci target. Silver is up 23% since the posting, yet if ole Uncle Fibonacci has a say on future pricing, Silver has a long way to go on the upside. Keep in mind, Gold is at all-time highs and Silver is just attempting to reach the half way point in prices that it achieved in the early 80's!