Realcent.org

Good historical data on SILVER corrections in the past.

http://www.kitco.com/ind/Mladjenovic/may032011.html

As per recent corrections, they last about 2 weeks or less. Perhaps this one will end soon.

Here is a small sample of the “collapses” that have happened in silver since 2004:

April 2004: Silver falls from $8.25 to $5.50. A 33% correction.
May 2004: Silver falls from $6.10 to $5.40. A 12% correction in only 4 trading days.
Sept. 2004: Silver falls from $6.80 to $6.12. A 10% correction in only 8 days.
Dec. 2004: Silver falls from $8.00 to $6.60. A 17.5% correction is only 2 weeks.
Jun-Jul 2005: Silver falls from $7.55 to $6.80. A 10% for the summer.
Apr. 2006: Silver falls from $14.25 to $12.10. A 15% correction only 2 days.
May 2006: Silver falls from $15.00 to $12.00. A 20% correction in only 10 days.
June 2006: Silver falls from $12.50 to $9.70. A 22% correction in only 9 days.
July 2006: Silver falls from $11.75 to $10.50. A 11% correction in only 7 days.
Sept. 2006: Silver falls from $13.25 to $10.75. A 19% correction in only 10 days.
Dec. 2006: Silver falls from $14.10 to $12.50. A 11% correction in only 14 days.
Mar. 2007: Silver falls from $14.30 to $12.50. A 13% correction in only 4 days.
Aug. 2007: Silver falls from $13.10 to $11.60. A 11.5% correction in only 10 days.
Mar. 2008: Silver falls from $21.00 to $17.50. A 17% correction in only 3 days.
Apr. 2008: Silver falls from $18.50 to $16.50. A 11% correction in only 13 days.

And then silver had a biggie…
July-Oct 2008: Silver falls from $19.40 to $8.85. A 54% correction in under 3 months.

And don’t forget…
Feb-Mar 2009: Silver falls from $14.50 to $12.70. A 12% correction in 3 weeks.
June 2009: Silver falls from $16.00 to $13.70. A 14% correction in 20 days.
Jan. 2010: Silver falls from $18.75 $16.25. A 13% correction in 18 days.
May 2010: Silver falls from $19.70 to $17.50. A 11% correction in only 11 days.

Please keep in mind that in between those periods there were plenty of declines of 5-9%.

Silver is an high alpha play over gold.
It will go to $1000+

Has this SILVER correction completed? Historically, these corrections don't last long.

Jonflyfish wrote:Silver is an high alpha play over gold.
It will go to $1000+

JFF i view you as someone who is very knowledgeable about trading in the commodities markets. Do you really think that silver will hit $1000, what do you think it will take to get there, and when?

I don't view myself as someone who is knowledgeable about the markets and personally I can't see silver reaching that level. Well maybe it could in a hundred years.