Silver Breakout

warfield87 said:
I see.
I just started buying silver bar when it was USD 15.60/oz, and plan to buy more silver since it looks really unappreciated.

By the way, would it be a day when paper money become obsolete? Just curious.

When it does, it won't be PM that take over. It will be digital currency
 
BuggedOut said:
I remain long silver and remain optimistic it will get to $19 USD in the not too distant future :)

Well that didn't take long. Silver just cracked $19 USD only a couple days after I posted this.

Looks like a pretty breakneck pace it's setting. Probably needs a pullback and consolidation from here I think and that trend will be looking stronger and more sustainable with an upward bound.
 
With a possible 3 white soldiers formation Silver could run to $20 before a blow off. Friday night smack up or down will be interesting on this candles formation :)

374_3_white_soldiers.jpg
 
Wow. I don't know what white soldiers are all about, but looks like you might be righter than me Silver Soul.

I'm still trying to get my head around the reason for this big move myself. Didn't think the fundamentals were *that* strong and looks more like technical momentum overshoot to me but clearly I've misread this one.
 
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