SILVER RESISTANCE RESISTANCE RESISTANCE... NOW SUPPORT?
Updated
Looking back at silver over the last decade reveals a very significant trend. Note the resistance peaks and where silver crawled around in the dirt for years and years. In 2020-21 silver broke out of that trend only to come all the way back down the touch the trend.. right now. Is the old ceiling the new floor? It very well could be. It is my opinion that silver will more than 10x over the next 6-10 years. However, we are in strange times and things are accelerating. It is possible that this 6-10 year forecast is too small-minded and things happen much sooner. I am very interested in silver, gold, and the miners moving forward and I believe this could be a bottom.
Note
The silver/gold ratio may have bottomed in 2020. Simply put, there is coming a day when silver becomes expensive in relation to gold. That day will come.Note
It's interesting to compare SILVER to NASDAQ. These ratios tell you loud and clear what's expensive or what's cheap. It's difficult to imagine silver staying this cheap much longer... I think the time is near. However, I do not dismiss the possibility of this dragging out another year. I understand that's possible but there's no guarantee. By comparison, silver looks similar to 1999-2001 level before it had it's 10 year 10x move. Note
Although there's no replacement for the real metal, the SIL/SILVER ratio shows silver miners are historically cheap.. even comparing to just the metal. Nevermind comparing to indices!
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