This graph shows monthly silver prices from 2000 through 2012. The two lines that mark the top and bottom edges of the channel show that most prices were found within a modest price difference, larger or smaller, from the center line running through the center of the channel. Please note that the silver prices shown on the right are in cents and the scale is logarithmic – the distance from 750 to 1500 is the same as from 1500 to 3000. Currently, silver is below the center line, is oversold, and due for a rally.
The chart shows that for over a decade, silver prices have increased exponentially, doubling approximately every three and one half years, with occasionally severe spikes and dips. Given our current economic policies, I see many reasons why this long-term trend will continue.
aka Deviant Investor
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