My best guess is silver ends this magnificent blowoff spike with a stab at $50 within the next 4 trading days...then drops 8-10 bucks a day for 2 days...(maybe with a pause for a day between) to settle back around $25-30 bucks and consolidate for the next run beginning in a few months that will run to $125 or so....
BUT...the actual chart projection for this move (overall mind you) is $65 ...looking at the broken downtrendline/wedge from 1980 that was broken around 2002 or so.... this is what I have read anyways, lol! As I do not know how they 'measure' these things...
So I guess we could possibly blow on through to that number...but I doubt it! Since silver is a manipulated market and they prob. likely wish to flush out longs as quickly as possible...and regroup before the (likely) inevitable run into the hundreds...they will first mimick the last runup and collapse (in '80) to make it look like it is all over and done with...
but who knows really...lol! But all I know is I like Larry Kudlows analysis that maybe Wed. fed minutes next week spark a commod. selloff....
I personally think it's worth a stab at a put right before...
And I'm selling most of my silver soon...sure it could run to $120....BUT SO WHAT! LOL...it ran from $4.10 to $45...OVER 1,000% gain !! $45-$120 is what percentage? IF it gets that high? See what I mean? and there are cheap things to buy out there...like Natgas...that will also inflate like all commods...and I will have to stay connected to commod's because inflation will be a massive problem...I will keep some gold as well...
Anyways....I am not the silver bull I used to be...for good reason...lol...
Hope this helps...(likely more than you asked for hehehe..)
Cheers!