Silver more or less on track…
The last 3 weeks action in silver was not exactly predicted by me. My original assumption would be that it would be a linear and rapid rise off of the August low to a $32+ target (maybe $36-38 if I had to guess).
I also originally predicted that the next peak in silver would be followed by a 5-6 month sideways grind. I am going to stick with this prediction.
I also still believe this next peak is going to be reached quicker than most people think, perhaps no more than 3-4 weeks from now–I do not believe it’s going to take 12+ weeks to reach $36, for example.
This next major peak is going to be very interesting because I strongly suspect that the silver miners are going to handily outperform silver during silver’s consolidative period. The silver miners are the real wild card here.