by Gary Christenson
Five years ago paper silver contracts on the COMEX hit a multi-decade high over $48 on April 29, 2011.
At the end of April 2016 the silver price is bouncing around $17, down about 65% from its April 2011 high. The low occurred at about $13.60 in December of last year, when paper silver prices were down about 70% from their April 2011 high.
Let’s review significant prices roughly every five years back for 30 years: