From Investment Postcards from Cape Town:
I am on record calling the silver market a Hunt Brothers type of market a few days before the market crashed. Well, it has happened. After soaring to a peak of $49.79 per ounce on 26 April, the silver price crashed to a low of $33.01 on May 18.
With silver trading at a notch below $35, the question is: whereto now? In my analysis of the platinum market, I compared the platinum price after the Tohoku quake in March this year to the platinum price after the Kobe quake in 1995. I did the same with the silver price... and wow, see what emerged!
Read full article (with charts)...
More on silver:
Why the massacre in silver isn't over yet
Richard Russell: It's time to buy silver again
What you need to know about the crash in silver