History repeats, what to expect after this Silver breakout of 35.00
What can we expect in the Silver bull market
Having a reference to what happened in history of price movements gives traders/investors some inkling of what to expect.)reduce the impact of surprises) Nowadays with the amazing AI Artificial Intelligence pervading our everyday life, one can readily achieve this more efficiently and ev=ffectively...
According to Qwen3-235B-A22B
📈 Timeline of Silver's Meteoric Rise in 2011: From $35 to $50/oz
In early 2011 , silver experienced one of its most dramatic rallies in modern history, breaking above $35 per ounce and eventually reaching a 31-year high near $50/oz by April 2011 . This surge was driven by a combination of macroeconomic forces, technical momentum, and growing retail investor interest.
Below is a detailed timeline of how silver broke above $35 and surged toward $50 per ounce:
📅 Phase 1: The Build-Up (Late 2010 – Early January 2011)
December 2010:
Silver closes the year at around $30.50/oz , up from ~$17 at the start of 2010.
Momentum builds as investors seek inflation hedges amid ongoing QE from the Fed.
January 2011:
Gold breaks above $1,400/oz .
Silver follows, climbing steadily due to:
Weakness in the U.S. dollar
Rising commodity prices
Strong inflows into precious metals ETFs like SLV (iShares Silver Trust)
By end-January: Silver reaches $31–$32/oz
🔺 Phase 2: Breaking Above $35 (February 2011)
⏰ Week of February 7–11, 2011
February 8: Silver hits an intra-day high of $34.96/oz on COMEX.
February 9:
Silver breaks above $35/oz for the first time since 1980.
Retail buying surges online; forums like Reddit and Gold-Eagle buzz with "silver squeeze" theories.
Technical breakouts attract algorithmic and institutional buyers.
By February 15:
Price consolidates between $35–$36/oz
Physical demand rises globally — mints report delays in coin production.
💥 Phase 3: The Parabolic Move Toward $50 (March – April 2011)
⏰ March 2011
March 15:
Silver hits $39/oz amid rising geopolitical tensions (Libya conflict, Japan earthquake).
March 25:
Breaks $41/oz
Inflows into SLV continue — holdings hit record levels.
March 30:
Hits $44/oz — strongest level since 1982
⏰ April 2011
April 12:
Silver crosses $45/oz
Media attention intensifies — CNBC, Bloomberg cover the rally.
April 18:
Hits $47/oz
Short covering accelerates as leveraged funds are squeezed.
April 24–25:
Silver peaks near $49.80/oz — just shy of $50
Retail frenzy hits fever pitch; futures open interest spikes
Some analysts warn of a bubble forming
📉 Phase 4: The Crash Begins (May 2011)
May 2–3:
Silver crashes from $48 to $42 in two days — over 12% drop
Triggered by profit-taking, margin hikes by brokers, and fear of regulatory crackdown
May 6:
Falls further to $37/oz
By End-May:
Consolidates around $35/oz
The parabolic move ends — but the rally had already cemented silver's place in market lore
Silver Gold bullmarket commodities PreciousMetals
Having a reference to what happened in history of price movements gives traders/investors some inkling of what to expect.)reduce the impact of surprises) Nowadays with the amazing AI Artificial Intelligence pervading our everyday life, one can readily achieve this more efficiently and ev=ffectively...
According to Qwen3-235B-A22B
📈 Timeline of Silver's Meteoric Rise in 2011: From $35 to $50/oz
In early 2011 , silver experienced one of its most dramatic rallies in modern history, breaking above $35 per ounce and eventually reaching a 31-year high near $50/oz by April 2011 . This surge was driven by a combination of macroeconomic forces, technical momentum, and growing retail investor interest.
Below is a detailed timeline of how silver broke above $35 and surged toward $50 per ounce:
📅 Phase 1: The Build-Up (Late 2010 – Early January 2011)
December 2010:
Silver closes the year at around $30.50/oz , up from ~$17 at the start of 2010.
Momentum builds as investors seek inflation hedges amid ongoing QE from the Fed.
January 2011:
Gold breaks above $1,400/oz .
Silver follows, climbing steadily due to:
Weakness in the U.S. dollar
Rising commodity prices
Strong inflows into precious metals ETFs like SLV (iShares Silver Trust)
By end-January: Silver reaches $31–$32/oz
🔺 Phase 2: Breaking Above $35 (February 2011)
⏰ Week of February 7–11, 2011
February 8: Silver hits an intra-day high of $34.96/oz on COMEX.
February 9:
Silver breaks above $35/oz for the first time since 1980.
Retail buying surges online; forums like Reddit and Gold-Eagle buzz with "silver squeeze" theories.
Technical breakouts attract algorithmic and institutional buyers.
By February 15:
Price consolidates between $35–$36/oz
Physical demand rises globally — mints report delays in coin production.
💥 Phase 3: The Parabolic Move Toward $50 (March – April 2011)
⏰ March 2011
March 15:
Silver hits $39/oz amid rising geopolitical tensions (Libya conflict, Japan earthquake).
March 25:
Breaks $41/oz
Inflows into SLV continue — holdings hit record levels.
March 30:
Hits $44/oz — strongest level since 1982
⏰ April 2011
April 12:
Silver crosses $45/oz
Media attention intensifies — CNBC, Bloomberg cover the rally.
April 18:
Hits $47/oz
Short covering accelerates as leveraged funds are squeezed.
April 24–25:
Silver peaks near $49.80/oz — just shy of $50
Retail frenzy hits fever pitch; futures open interest spikes
Some analysts warn of a bubble forming
📉 Phase 4: The Crash Begins (May 2011)
May 2–3:
Silver crashes from $48 to $42 in two days — over 12% drop
Triggered by profit-taking, margin hikes by brokers, and fear of regulatory crackdown
May 6:
Falls further to $37/oz
By End-May:
Consolidates around $35/oz
The parabolic move ends — but the rally had already cemented silver's place in market lore
Silver Gold bullmarket commodities PreciousMetals
posted by emacro @ 2:37 PM
0 comments
0 Comments:
Post a Comment
<< Home