Silver lagged the rally for almost a year and a half but caught up in a big hurry. Are we closing in on a top? That depends who you listen to. Analysts can't seem to form any kind of consensus.
Silver vs SPY
The simplest argument would suggest that silver is running away from three trend lines, both the 50 and 200 EMA's and that it HAS to pull back. Well, no, it doesn't have to do anything of the sort. It could carry on higher, and it looks like it has the room to do so. $49 is not out of reach nor impossible.
Always perform your own due diligence. These are only my opinions.
