Sillver: Are Gain Sustainable or Irrationally Exuberant

aimei

Published: Thursday, 28 Apr 2011 | 5:31 PM ET


Silver [SICV1  47.52    1.562  (+3.4%)   ] soared to an all-time high Thursday nearly hitting $50 an ounce before paring some gains.

The level eclipses the white metal’s peak price hit when the Hunt brothers sought to corner the silver market three decades ago.

Are the gains sustainable or are they irrationally exuberant?

Matt Hougan of IndexUniverse tells Fast Money he sees signs that suggest silver is a bubble - and the bubble is growing very fragile. "The bubble is getting pretty advanced and its close to coming down," he says.

Source: CNBC

oldpigwang

"its close to coming down," he says.
No coming down at this moment. As the DJX bubble goes, so goes the Silver, till Jun at least.