Silver has gained about 1000% in about 8 years from $4 in 2003 to about just under $50 in 2011.
From there Silver retraced 78.6% to about $13.80.
The current recovery has seen a near 40% gain.
Current estimate is that Silver will reach close to $23 by tax time 2020 and then reach further to about $27 in the beginning of 2021.
This stock has been bullish for quite some time now, but it appears to have hit resistance at the 172 level indicated, looking for some retracement as the second shoulder has printed, confirming a short bias.
