carrytrade
Long

Silver Waves to 2016

FX:XAGUSD   Silver/U.S. Dollar
78 0 0
Please see SILVER             3month and 5-year CHART ---->
Silver 3month and 5-year candlesticks

Also see the long term target (20 or more years out)----
Just another beautiful chart



I'd be shocked if we broke through $25 without another stall back to $20 or $20.50 (the breakout) later on in the year.

But we WILL finish the year up at least 20-30% from the open price, that is my overall prediction for 2014.

The important parts are not the little waves in between. Just the move to $24-$25, back down to $21 or $20 by the time Summer comes around,and then during Q4 we can liftoff and close the year decisively bullish

(although I don't know if we can close above $25.08 but if we do that adds further conviction)

The true test of bullish continuation will simply be closing 2014 above the 2009 highs of $21.40. That should be no problem. If it happens, that will verify bullishness for 2015 and potentially 2016 as well.
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