well, well, well...the long dormant silver bull ap

well, well, well...the long dormant silver bull appears to be awakening. metals traders fondly remember the parabolic move of 2011. could we be setting up for a repeat? weekly and monthly charts prove instructive. the big volume rise last summer followed by low volume consolidation into the weekly 30 MA suggest the fuse is lit. continued excessive fed money printing and political turmoil in 2020 should fuel the ascent. metals expert and silver perma-bull jim willie has called for $80 silver. that may prove to be a bit over optimistic. my proprietary indicators point to 45-50, still a good return with limited downside risk from current levels.

Silver (US$ / OZ) 17.042 +0.004 (+0.02%) in light trade