I've been a silver bull for quite a long time (thanks to my silver guru EdTheLorax) and i have silver account i've been slowly engrossing as i took profits from cryptomarkets.
This is my proposal for a potential path forward. Buying near 16 usd per ounce is always a good price.
With overvalued stocks in average, potentially war times coming, terrorism, social inestability, i believe in the next months/years we are going to see a price increase in both gold and silver, along with other precious metals, that can be physically stored. And among all of them, silver is the most undervalued one, with a tiny market cap and price near historic lows.
Just wait and see.
The turtles will eventually win the hares.
This is my proposal for a potential path forward. Buying near 16 usd per ounce is always a good price.
With overvalued stocks in average, potentially war times coming, terrorism, social inestability, i believe in the next months/years we are going to see a price increase in both gold and silver, along with other precious metals, that can be physically stored. And among all of them, silver is the most undervalued one, with a tiny market cap and price near historic lows.
Just wait and see.
The turtles will eventually win the hares.
Note
We might be heading to a new buy oportunity in the low 16'sThis seems a rejection of the breakout and would make sense to me. Silver won't easily breakout. It has to fakeout enough times to get rid of weak hands and squeeze as much as possible breakout traders before the real move.
Note
At buying levels again.Note
triangle near completion.Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.