Mihail Stefanov @mihen1: "Reflections on the Theme of..."

Bulgaria

Reflections on the Theme of Silver A breakout from a 50-year cup-and-handle pattern — this is a nearly perfect bullish setup for $SILVER . Where the price could go from here is anyone’s guess, but $100 is looking increasingly likely and not far off. Adding to this, unlike the previous two peaks in the 1980s and in 2011, this time we are seeing a rapid recovery and a renewed attack on the all-time high. According to several analysts, the central bank of a G20 country has reportedly purchased $1 billion worth of physical silver. Although this may seem like a relatively small amount on paper, it is actually enormous for the silver market, which is already suffering from a deep structural deficit. It’s no coincidence that silver-mining companies continue their upward momentum. Personally, I would not be surprised if silver surpasses gold’s performance with ease. $SLV (iShares Silver Trust) $GOLD $GLD (SPDR Gold) $AG (First Majestic Silver Corp) $PAAS (Pan American Silver Corp)