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TFC Commodity Trading Forum


Here is the 1979-80 Silver Daily chart again with some notes. This run up is different in the timing as this latest run up started in Sept to April which was 8 months from the base breakout to the high. While the '79''80 run up was only 5 months. But looking at the complete picture one can see with this previous run up back then that there was a 2 month 'topping pattern' after the high where prices topped out and traded sideways and this recent run up ended without a 'topping pattern'. So counting the topping pattern that includes the run up the time frame 'before' the plunge was about 7 months, much the same as the present run up. And the recent plunge was also about the same in time and relative price so far.