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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Will silver plunge below $15 or rally back over $50?

Posted on 12 June 2013

Silver prices peaked in April 2011 and dropped about 60% over the next 25 months. Sentiment by almost any measure is currently terrible. Few are interested in silver; most have lost money (on paper) if they bought in the last two and one half years, and the emotional pain seems considerable. It reminds me of the years after the NASDAQ crash in 2000.
To help answer that question, I examined the chart of silver for the last 25 years and identified several long-term cycles. Then I constructed a spreadsheet that attempted to model the price of weekly silver based on those cycles and a few assumptions………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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