History of the past is repeating now in the silver market.

Look for screenshots in the comments. Silver crashed in the early 70s to a low of $1.2, silver crashed to a low of $12 in march, what we do is apply the price action of the 70s to current market and the similarities are striking. Have a look at the charts in the comments and prove it to yourself. Thats why I think we we will see a rise of silver to $60. Then it will start to consolidate inside of a weekly down cycle and the $40 level should be the extreme low support. Then closer to the top of the super cycle (check the related idea) silver will blast to triple digit prices. This is just an observation and hardly can it be applied to practical speculation, only to purchase nominal metal - without leverage. It is just interesting to see how chart pattern repeat many years apart.

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The only difference I observe is the fact that in our days the action happens much faster and you really have to look closely to see the similarity.