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<p>[QUOTE=&quot;NorthKorea, post: 1987386, member: 29643&quot;]It depends on how you look at the technical pattern forming. The last year or so has seen lower tops but fairly strong resistance ~$17-$18 floor. If you&#039;re trading short run, it might be a buying opportunity to capture 10-15% and sell into the $21 spike. I don&#039;t mind people calling the current floor a buying opportunity, so long as they aren&#039;t calling on people to buy large quantities to store. The floor might collapse, which would leave a few psychological floors at $15 and $10. I don&#039;t think that will happen, since $17-$18 was a strong ceiling. We&#039;re likely in the bottom end of a trading pattern channel between $17-$21 ($18-$20, for those who wish to be more reserved). Until silver breaks below $17, that pattern should continue, but get tighter with each top. Once the tops start to reach $19, we&#039;ll see the bears fully come out of hiding to manipulate the market down.</p><p><br /></p><p>All that said, I still believe that silver has an intrinsic value around $17.28. If we start to see continued production below that price, it would indicate that we&#039;re in a broader deflationary cycle, as well as in a PMs bear market.[/QUOTE]</p><p><br /></p>

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