Silver will go much higher - but take some profits for now

Silver is the precociously gifted, but errant teenager of the commodities markets. I doubt that there's any other commodity with as much potential. And it's a potential that many 'talent scouts' have long since identified. And yet, like the troubled, youthful genius who the whole world wants to do well but seems determined to snatch failure from the jaws of victory, silver so often seems to disappoint. Of late that has not been the case. It has burst to 30-year highs. But yesterday's sell-off was a reminder of how silver can fall when it wants to. So is it set to disappoint us all again?