Predicting the Silver Top

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...Now with our current bull leg we again see the higher highs of price changes with a current maximum of just over 10% set last week. So the message appears to be, 10% price changes each week are not unusual and indeed we should expect them to get bigger...

Silver is rocketing, the silver shorts are sweating profusely and silver continues to outperform gold as the next big silver spike begins to take shape. The main question now is at what price will you exit your silver position? Readers have queried me for my view on the matter but plainly no one knows to the dollar at what price silver will form a major top in the months ahead. Some will get it right but there will be more luck than judgment about such price prophecies.

At times like these, the venerable record of $50 is looked upon as an obvious target, whilst others state the inflation adjusted measure of $135. Other investors perceive a paradigm shift and see higher prices even than these with $200 for some reason being mentioned more than once. Others seeing a hyperinflationary apocalypse suggest that the price of silver will become meaningless as the dollar vaporizes before our eyes. People like to work with solid numbers, especially ones that are rounded off to the nearest tens or hundreds...

Now with our current bull leg we again see the higher highs of price changes with a current maximum of just over 10% set last week. So the message appears to be, 10% price changes each week are not unusual and indeed we should expect them to get bigger. In fact, going by past bulls it could possibly go as high as 20% on the week as the next major top in the generational silver bull market is achieved. Does that mean the bull is over when a seven day leap of 20+% is registered? Yes, quite possibly but the question is how many 20% leaps before it tops?

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