A chart silver owners will love

The chart below from highly regarded technical analyst Clive Maund (the text is his) tells a story of $100 silver very soon, a near 5 fold increase on today’s prices.  Obviously there are other factors at play beyond what a chart can anticipate but some people swear by technical charting as history does tend to repeat.  Clive also shows a close up of recent events showing we are coming out of the technical flag of a ‘double bottom’ right now.  Some may be scratching their heads at silver’s lag this year as gold rallies strongly but this is normal behaviour for silver which often lags then overtakes gold’s performance.