Below are 3 silver price charts. (click charts to enlarge)
The first silver price chart is a 6 month, daily bar chart showing little bullish rectangular flags that say silver has more to go on the up side.
The second silver price chart is a 2 year, weekly bar chart showing the little rectangular flags, and more interesting, spacing from an equal spacing tool. It looks like the very beginning of May, 2008 could turn out to be a significant silver price level. This bears watching. It is too early to say if it will be a much higher low or much higher high. Important highs in a bull market do not come around often. The last half of April and the beginning of May might be real interesting.
The third silver price chart is a 9 year, monthly bar chart showing the big picture. It's not exactly up to date, but still does the job. All silver price charts are screaming major bull market in silver. The silver basing period is over. Silver is in the process of moving up to another significantly higher level. Of course the same thing applies to gold.
"All the monetary and fiscal stimulus will not create the circumstances required to heal the underlying problem. The meltdown in credit derivatives and revelation that all derivatives are pieces of cyberspace garbage that will not perform when called upon will become worthless, not simply worth less." - Jim Sinclair, http://jsmineset.com
"The market does not beat them. They beat themselves, because though they have brains they cannot sit tight." - Jesse Livermore
Silver is called the Mule. It can have a mind and will of its own. The silver price on the charts can go off on its own relative to what gold does. Silver is getting real interesting.