Silver Is On A Tear Today

Not at all. Good market insight......

 

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So now the silver price is $85.29. On March 12, 2001, the price was $4.50. This means in 25 years silver did a 19x - up 19 times. So I am conflicted here, because I previously was conservative in my observations, but these numbers are insane. Silver actually beat inflation over this time frame. This also gives enormous credibility to the hyper-bullish silver bugs - not those at the extreme perhaps, but it gives them weight. They were right. We have to own this, even though during the worst of the bear market I turned sour on the permabulls.

 

Looking at long charts, you can always pick lows and highs to support almost any story. The span from 2001 to early 2011 was even more "bullish" - but look at what happened from 2011 through 2020, or even 2025.

By drawing lines on a chart, I could forecast silver next year anywhere from $1000 (or more) to $20 (or less). That's one reason that I don't have much respect for the lines-on-charts paradigm.