Think Silver has gone up too high? Think again. Chart speaks a thousand words

After 2010's spectacular 100+% move in silver, many believe the metal is looking 'bubbly' 'and a crash is imminent. However, in such situations, it is always important to take a step back and examine the bigger picture. The obvious 'bigger picture' is that silver is nowhere near its all time non-inflation-adjusted peak of $50 (inflation adjusted peak is well above $100). Take a look at the following three charts. They speak a thousand words and lay to rest any suspicion of a peak.

Silver from 1971-1978: prices move up more than 400%. One would think of this move as massive and get terrified at the 'parabolic' nature of the move. However, few would imagine that this would be just the beginning.


In just the following 2 years, the silver price rose a further 800%- a monster move in a short period of time.


Here is a large chart from 1960-2002 showing the big picture in a snapshot