Current Market Rates Per Ounce
May 17, 2012 3:38:45 PM PST
| USD $ | CAD $ | |
| Gold (AU): | 1,573.72 | 1,603.78 |
| Silver (AG): | 27.99 | 28.52 |
| Platinum (PT): | 1,448.00 | 1,475.66 |
| Palladium (PD): | 601.50 | 612.99 |
| USD-CAD Exchange Rate: | 1.019 | |
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Vancouver, BC, V5T 1W1, Canada
Tel: (604) 876-7181
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Silver Today vs. 2008: Does It Look Familiar?
By Willem Weytjens
July 20, 2011
At the end of April 2011, I warned for the end of the parabolic rise in silver prices. I compared the move in silver prices with 2004, 2006 and 2008. Here is an updated version and it looks like price is tracking the 2008 pattern very well.
First of all, let's look at silver in 2008:
Let's now have a look at silver in 2011:
Does this look similar? See what happens when we lay one chart on top of the other:
Back in 2008, silver fell as low as $8 because nearly all financial assets were sold off. A similar move could bring silver back to as low as $13. It looks impossible but you never know with today's banksters.
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