If you haven't bought silver, you better hurry now.
Volatility is often said to be "anti-persistent." High volatility has greater than random chance of following low volatility and vice versa. From trading and investment point of view, hunting for low volatility situation is more important. Once found, we can speculate that a large market move, up or down, is likely imminent.
On the weekly chart (from
Is the next move up or down? Perhaps better questions are: how far will silver go up and how far will silver go down. What is silver's current risk-reward ratio?
I don't think the down move would go much below $4.00 in the face of bullish fundamentals written extensively by
By the way, $4.015 is the low over the past ten calendar years. Made at November of 2001 (source:
Other authors can discuss the silver up side more elegantly than I do. But, in the most extreme case, that is, the demise of paper money, you will be glad you bought silver!
So there you have it. In silver's imminent break out, you've got two bucks on the down side versus the up side of positive infinity.