Back in September (with silver at $21/oz) I wrote a piece titled “Does Silver’s Smooth Ride Lead Past $30?” My answer to that question at the time was “yes”, with a prediction that silver would make a short-term “top” somewhere between $30 – $35/oz.
Thanks to a rude interruption when the banker-cabal launched one of their of the silver market, that “smooth ride” was somewhat abbreviated early in November. Under different circumstances, I might wonder whether that man-made pause in the market was enough of a consolidation to prepare silver for yet another leg higher. Given current circumstances, however, there appears to be no doubts about silver’s current status.
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