Silver is showing classic signs of a move that will soon end in a parabolic top, which will likely result in a long consolidation period, prior to resuming its long term ride. Note the increasing upward trajectory of the current astonishing move that has see it rise from $17 to $45 in 8 months. Generally the near vertical rise as seen in the last few days signify a nearing of the end of this explosive move. The longer this near parabolic phase continues, the longer silver will take to consolidate and re-fuel for its next leg up. So silver bulls should not be too exuberant with the current run, because silver MUST rest and recover sooner rather than later if it is to see a long term continuation of its bull market. However this current move is a microcosm of the greater bull market in silver. Once this bull market ends, silver will be jumping several dollars each day (as opposed to several dozen cents now) and will end well past $150 per ounce.
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