This chart predicts at least up to $164 silver

Last week we put out the same chart, but for gold prices and received an overwhelming response. We also received many emails asking what would happen if silver performs like its previous bull markets, and not surprisingly, it appears we are entering a similar period of prosperity.

Since the beginning of the current bull market, silver is already up 40%. While not enough to get crazy in the Hamptons yet, silver has incredible torque to outperform gold and based on this chart, we predict silver will hit $70 an ounce this cycle. Silver is a unique commodity with great diversification potential, protection against systematic financial failure, and extreme upside!