We saw a run on stops in February this year as silver raided stops into the liquidity pool below $12. The next raid happen this week as price broke above the $20 closing a short stops. The next liquidity pool we should see price run to is the liquidity pool above $36 catching swing traders out who have the stop above these equal highs. We should see a larger move higher above $50, as physical silver is very rare commodity that is used in industry and electrics. With the gold silver ratio needing to narrow further, and with economic stimulus by governments around the world running rampant, we will see higher prices in silver.
When do you think we will hit the 50s? A similar move to 2011 (parabolic)? Or a gradual one like gold?
showmethepips
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I believe we will retest the your marked levels and beyond, i've been stacking physical and loading up on primary producing Silver miners for quiet some time now.