A sharp rally off the lows in gold and silver is a clear indication that short-sellers have once again failed in their attempt in holding gold and silver prices down for an extended period of time. A break above $29 for silver and $1,370 in gold is the first indication that the pullbacks in gold and silver has ended.
With no end in sight for the US Federal Reserve's money printing activities (quantitative easing), which has caused massive inflation worldwide, the factors that has led to revolution and uprising in Tunisia, Egypt, Yemen, Jordan, which can quickly spread globally, gold and silver's prices is poised to explode. A sustained break above the above-mentioned price levels could trigger massive short-covering rally that could quickly rocket silver price up to $50 and gold to $2,150.
