silver chartThe precious metals community has been abuzz this afternoon with an apparent overnight discrepancy in the silver chart published by the industry’s most widely recognized charting service. 
After displaying a 2 hour gap in the price of silver during London trading this morning, kitco appears to have simply scribbled lines to concoct and reconstruct the gap:

SD reader Battle Beagle has constructed a hypothetical silver price chart based on US Mint Silver Eagles sales to demonstrate what the price of silver might be trading at currently were it not for the massive cartel take-down of the metal.

The hypothetical silver price based on US Mint Silver Eagle sales statistics? $50-$55/oz!

silver parabolicToday’s chart of the day examines silver’s 12 year logarithmic parabolic up-trend chart that began in 2001. 
Silver is just now approaching it’s parabolic up-trend line for the first time since 2009, and only 2nd time since 2002.
The last time silver touched its parabolic uptrend line the metal rose from 8 to $50 in 3 yearsThe only other time since 2002 that silver touched it’s vertical up-trend line was in 2003, after which silver went on a tear from $3.50/oz to $21.35/oz over the next 5 years.

Silver is now approaching it’s vertical uptrend line near $32.  Should the same percentage gain be repeated as the prior two occurrences, silver would need to rise to over $200/oz by 2016-2018