In the charts below, logarithmic scale is used and silver prices are adjusted backwards according to the US inflation.
First chart is formed from January 1983 till today. When inflation adjustment is applied, the price on this date rises to 44.68. The lowest price was on the November 2001 at $7.43, and the highest price was on April 2011 at $70.39. Today's price is at $30.40.
There are two important resistance levels for silver. One is the nominal peak which is at $49.54 and the second one is the relative peak that is the inflation-adjusted equivalent of this historical peak which is at $70.39. Only after these levels $90 can be targeted.
Our last chart is the US Inflation Adjusted Silver Chart, which was created on a logarithmic scale again from the beginning of 2016.
I mentioned that we have targets of 50-70-90 dollars. The 2011 value that we see here as $70.39 will continue to increase with the US inflation that will occur in the coming years. Therefore, when the current peak of silver is equalized with this past peak again, perhaps 80 dollars will be reached.
In such a case, rather then waiting for $90 or higher, selling could be a better strategy, of course by evaluating other data.
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