In the logarithmic scale chart below, which started in January 1983, it is seen that when inflation adjustment is applied, the bottom level in November 2001 rose to 7.44 and the peak in April 2011 rose to 70.50. Today, silver is around $32.93.
Our second chart is the US Inflation Adjusted Silver Chart, which was created with a logarithmic scale again from the beginning of 2016. The last bottom level, that is March 2020's 14.26, indicates a recovery above the previous bottom level of 12.63. The last peak of $35.97 in February 2021 is silver's first target in the upward direction.
After this point is exceeded, the nominal peak of 49.54 in April 2011 will be targeted. When the US inflation adjustment is applied to this value from 2011, the value seen in the graph is 70.50. This will be the third target for silver.
We will see that this level of 70.50 dollars will continue to increase with the US inflation that will occur in the coming years. In fact, the peak of inflation-adjusted silver was 70.39 dollars in January. In parallel with US inflation, there was an increase of 11 cents in one month. Therefore, when we think about the next few years, it can be said that a level equal to our previous estimates of 80-90 dollars can be reached. For this reason, the backward US inflation-adjusted silver graph is one of the most important graphs that we need to follow.
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