The Premier Silver Resource Website

Live Spot Silver
 Bid|Ask 14.15   14.16
 Low|High 14.06   14.25
 Change 0.07 0.46%
Dec 01, 2015 15:03:14 EST
 1 Month -1.4   -9.01%
 1 Year -2.2 -13.46%
 Low|High $13.92 $18.48
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes

First signs of a parabolic spike for silver

By: Peter Cooper

-- Posted 27 March, 2011 | | Discuss This Article - Comments:

Any investor in silver must have found the past six months pretty exciting. This precious metal has more than doubled in that time. The pessimists see a high flying price heading for a fall, and they did so last autumn before this take-off.

For other chartists this increasingly looks like a repeat of the 1978-80 silver price blow-off with a super spike to $50, a price that has still yet to be achieved 31 years later.

Gold marking time

Gold has yet to make this sort of price breakout and still seems on a steady uptrend:

It is silver that has the most exciting price trend developing. Of course this carries a huge red warning for volatility. This is not a straight line movement. The ups and downs can and no doubt will be formidable. Silver crashed 52 per cent in late 2008 below $10 but then bounced back magnificently.

Silver breaks out

However, just look at the five-year chart for the shiniest of metals:

You indeed have two possible conclusions: that this is the spike almost over; or that this is the base for a parabolic upward price movement. Going sideways from this sort of chart would be highly unlikely.

What we really need to confirm an imminent price spike for silver is for gold to also breakout of its current range of $1,400-1,450.  And it is increasingly clear that this is about to happen, either after a global financial market correction or very soon if nothing happens to bring markets down.


For none of the fundamentals supporting higher precious metal prices show any sign of going away. Should the $246 billion cash injection by the Japanese Central Bank not be considered as QE3? It is certainly another vast liquidity injection, and a rise in the supply of money is always followed by inflation.

Then what of the instability in the Middle East? We hear Gaddaffi has 150 tons of gold in Tripoli to fund his civil war, and that Iran has been cashing out of dollars and into gold for many years. All over the world the rich are buying gold and silver to protect against inflation and political instability.

It is indeed rather like the late 70s with the multiple oil shocks, central banks printing money and revolution in the Middle East. Even the 2008 price crash for gold and silver looks like a repeat of the 1976 mega-correction, and if so that puts us in 1979 today just before the great spike.

ArabianMoney tipped $320 silver last September (click here).

-- Posted 27 March, 2011 | | Discuss This Article - Comments:

Article Archives is presented to you by:

© 2003 - 2011, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.


The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.