another undervalued silver play ?, page-7

http://silverprice.org/charts/history/silver_all_data_o_usd.png

the above link shows the last 34 years of silver history

you will see the 1970's price of about $5 USD/oz, the crazy spike to $50 USD/oz in 1980 and the equally impressive plummet back to about $5 USD/oz in the nineties

you will also see the rise from 2004 from the doldrums, to where we are now, at around $19-20 USD/oz

A key point to remember with silver is that it is a small market. As such, big moves into silver have drastic implications for the POS