Number9, Number9, Number9
With all due respect to the Beatles song, the number 9 seems relevant to Silver. A look at the chart below shows that it took nine weeks for silver to go fom it’s low in late Nov. to it’s high on Feb. 1st. It then took nine weeks to reach it’s low at the end of March. Gold is about to reach my most recent target of 1856 any day now. Silver, I believe will reach my most recent target of 30 no later than 9 weeks from that March low, which would be early June. That is the timeframe for a possible short term top for silver. Because of it’s strength and the fact that so much time remains until then, I actually think silver will reach 30 by late this week or early next. That would infer that it is more likely to reach much higher levels above 30 before the nine week window closes.