Loading ...That is a super long term chart……when u look at various averages, one can see that the recent rally got way ahead of itself, this correction/hesitation was badly needed.
Now the o/b situation is getting worked off, the big test of the scum will come…..though I have always thought that it will be the scandal of no metal combined with the massive short being exposed, that will drive prices crazy….to me the silver chart shows what could happen, prices could go berserk and the charts confirm it .
I think it is true that charts show what could happen, but the news then has to arrive…we now have thousands of investors rooting around in the silver mkt, at some point a cousin/brother/sister/friend, will spill the beans to someone that there is damn all metal behind the ETF’s etc. Something will break.