I should mention that although my target has been hit I am keeping these positions open. I expect silver to break above its previous all time high of around $US48.70/oz when the Hunt brothers attempted to corner the market.
SINGAPORE (Reuters) - U.S. silver futures on Monday jumped more than 8 percent to just below $50 an ounce, its highest since 1980, buoyed by a weak dollar and strong physical demand in Asia.
Here's a brief history of silver:
April 25, 2011: Spot silver rose to $48.84 an ounce and U.S. silver futures to $49.82, highest since 1980.
Everything is known in advance.:cheesy: