As shown in the first chart below, silver has pretty much gone vertical in recent days. In the second chart, we highlight the percentage spread between the iShares Silver Trust (NYSEARCA:SLV) and its 50-day moving average since its inception back in 2006. As shown, the spread has peaked at these levels (24%) twice since '06 and it hasn't gone above it. Will history repeat itself or will SLV move into uncharted territory?
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