Silver Is At War Without setting a timeline, I think once silver pushes past $32 again it will run quickly to the $38-40 range (high 30's) then some type of correction back to retest the $32-34 breakout level. Could be a short fast dip or a more drawn out correction, and that will determine how long until we see $50. There really is no resistance above the $32 level to speak of, so once we break $32, run to high 30's and retest the $32-34 level to confirm the breakout the next run up from there will go right through $40 and toward $50 one up move halfway to 50, one correction, then a run to 50. The moves up will be short duration and steep...the correction will determine whether we see 50 in late june (possible) or sometime in the fall IMO.
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@kjm I can see that @lexcon. 32 is the nut to crack obviously. 0
@kjm Most ag juniors are handling this in good form. 2
@lexcon 50 will not be THE top, but will be a natural breather point. Too many people will expect the silver run to peak and stall at that point so we may stop at or just under $50, with a couple of attempts to break through that level. Once that psychological level of $50 is broken we are in new uncharted territory and could see some explosive moves after that.