What's To Stop This Happening?

[SilverDJ]

 

[Porcello]

Nothing.

 

[willrocks]

This:

 

[Porcello]

Nice, but there is not even correlation between the two charts!

 

[Altima]

War?

 

[silverbait]

Interesting article about record high silver supply and unexplained non effective price adjustments due to demand (must appreciate but declines as we all see)

http://www.commoditytrademantra.com...-coin-demand-signals-financial-trouble-ahead/

 

[willrocks]

Nice, but there is not even correlation between the two charts!

There is direct correlation between commodities (including silver) and the US dollar.

 

[Stoic Phoenix]

Confiscating SammySilvers keyboard.

 

[Porcello]

Ok, this one is definitely better.
Now you just need to find the correlation between money supply and USD index.

 

[Holdfast]

$9.80 has been the target for some-time now.

 

[kramer]

I say buy the dips and enjoy the ride...

 

[Monsta]

You cannot pick a single commodity and compare against the USD, mainly because traders flip between all commodities, not just one. It has to be a basket. But it certainly correlates as Willrocks shows.

To answer the OP question, what is keeping it at the current level is the technical support level close to where it is, and another around $12.45-$12.50 (that rough $400/kg mark). If it breaks $12.40 then it''s going lower to your kind of level.

 

[Stoic Phoenix]

At least my theory is testable.....

Im with Kramer....My xmas shoppings done so may gets myself something, just make another prediction or two over next week or so Sammy then we can test theories.