RE: Silver at $16.00According to my charts silver hit $16 about 30 minutes ago. Or very close to it.
What has happened over the last 24 hours is amazing to watch. It's very obvious that the shorts are all giving up and covering all they can and at the same time momentum players are jumping on the long side. This could really get out of hand.
There is no way on earth anyone will be able to hold SVM back with this kind of stuff going on. $15 could be achieved very soon - like a week - if this keeps up.
To all my buddies here - congrats everyone. We have arrived!