Thursday, May 05, 2011

When Will Silver Stop Going Down

When will the selling stop, this is the question on the minds of most. This is the best piece I have read so far, a must read from Casey Research

With silver dropping roughly 19% in the last three days, a correction is clearly under way. Let’s take a quick look at how far it might drop.

I’ve updated the “corrections” chart, which shows all major pullbacks in silver since our bull market began in 2001. The data measure any clearly visible drop in price greater than 10%, regardless of time length. As you’ll see, some drops occurred over short periods of time, while others were prolonged.



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