Silver is undervalued despite gold price went above USD $1118 per oz last night

A short commentary by Resource Trader Alan Knuckman from Agora Financial.

"Interestingly, silver is standing still. Around $17.50 an ounce, the silver spot price hasn’t even beaten its October high of $18, let alone 2008 levels of $21 a pop.

“Continued dollar weakness combined with gold making ALL-TIME highs once again leaves silver sharply undervalued at these prices,” opines our resource trader Alan Knuckman.

“A move above $18 an ounce sends silver on a quick run to test the modest 2008 highs at $21. That target is over 15% above current silver prices and very attainable in this bullish metal market environment.”

This article is located at http://5minforecast.agorafinancial.com.

The long-term bullish trend in precious metals, the reason why Silver Bullion Pte Ltd is set up.