Courtesy of The Doc at Silver Doctors! SMF

The Silver Chart Predicting $200 Silver by 2018: Silver’s Parabolic Up-trend Channel Suggests Massive Silver Move is Imminent

Silver Doctors

February 12, 2013

Today’s chart of the day examines silver’s 12 year logarithmic parabolic up-trend chart that began in 2001.

Silver is just now approaching it’s parabolic up-trend line for the first time since 2009, and only 2nd time since 2002.

The last time silver touched its parabolic uptrend line the metal rose from 8 to $50 in 3 years. The only other time since 2002 that silver touched it’s vertical up-trend line was in 2003, after which silver went on a tear from $3.50/oz to $21.35/oz over the next 5 years.

Silver is now approaching it’s vertical uptrend line near $32. Should the same percentage gain be repeated as the prior two occurrences, silver would need to rise to over $200/oz by 2016-2018.