I believe that silver will cross the recent high of 49.78 once the Trend-line I've drawn is broken. As absurd as it sounds, Silver is a non-renewable source and it has a history of being valued at 126.9 at 1980. The calculated fib levels show that the high of this century - 49.78 has reversed at the .38 fib level of the bigger uptrend of the previous century. Another point to note would be the divergence of the MACD indicator, which increases the probability of a change in trend. At this point all I would do is ... Go long at sharp spike around at 20 and hold it for a very long time ... crossing 49 will be confirmed on the break of the TL, but further growth cannot be guaranteed. Bottomline : There is HUGE potential for silver. I strongly recommend Long-term value investors to have a deeper a fundamental research. Good luck
Comments
iamajeya
⋅
I find the idea has strong merits. There's clear strong divergence in MACD histogram vs price. However silver tends to be considered more of a industrial use commodity now and that may mean that it picks up only after China. Right now I see it dropping down to $10 psychological level before picking up again in 2017.
iamajeya
⋅
Forgot to adjust for inflation. Still $12 is very possible.