Guanajuato Silver Company Ltd GSVRF

Silver Is At War

[ErinBrockovich]

 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.

2

about an hour ago

 

@kjm I can see that @lexcon. 32 is the nut to crack obviously.

0

about an hour ago

 

@Gogogo666B Very tight trading session lately.

0

about an hour ago

 

@kjm Most ag juniors are handling this in good form.

2

about an hour ago

 

@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.

[ErinBrockovich]

Read comments from LEX. 

[diggin78]

"Silver is at War" says it all right now. I'll be less surprised when it breaks above the 30's and runs to 50 than I am right now, where it's having a hard time holding 31 and pushing past 32 for more than one session. If the war is on, and it appears to be raging, who are the sides and who is winning, and why is one side even fighting anymore-for what gain and on whose