/biz/ - Business & Finance

Silver has advanced to very important technical level. The 2019 was broken ever so slightly last week. This morning, current contract futures are trading a hair above that again. Destination? I think 2016 high at 21.20 is easily manageable. The burning question though, will something like the 2011 bull charge repeat?

Not that it means anything but silver's corona plunge and recovery pattern is very similar to the 2008 crash and recovery pattern. Crash down with equities, faster rebound than equities, consolidate a bit shy of the pre-crash high. In 2010 it broke out of the range and went parabolic for better part of six months following.