I posted the below chart on the BML forum about 3 weeks ago. What it shows is that historically, silver has only traded above US$30 twice in its history. On both occasions it resulted in blow off tops between 3 to 5 months later. This time I think it will be different in regard to the price collapse that has occurred on the past two occasions. I think that $30 will be the new floor and not sub $5 and $15 which has occurred in the past.
So, going on historical evidence, should silver break above $30 you would expect a move to $50 within 5 months. Silver breaking above $30 may ignite the precious metals stocks bull market.
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $47.29M |
Open | High | Low | Value | Volume |
24.0¢ | 24.0¢ | 23.5¢ | $14.14K | 59.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22472 | 23.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 3800 | 1 |
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No. | Vol. | Price($) |
---|---|---|
1 | 22472 | 0.235 |
6 | 82960 | 0.230 |
2 | 102300 | 0.225 |
4 | 28932 | 0.220 |
1 | 100000 | 0.210 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 3800 | 1 |
0.250 | 40000 | 1 |
0.255 | 42498 | 1 |
0.260 | 3033 | 1 |
0.265 | 4880 | 1 |
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