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COMMODITIES & CURRENCIES Silver prices fell from $50 to $3.50 an ounce. At some point, the commodity is looked at as cheap, the buyers move in, and the price starts to climb. This entry point is the beginning of the first stage of an accumulation run. With the exception of two small pullbacks (1998-2002 and 2008-2009) silver has been in this first stage of this accumulative run-up.