Lower rates means Silver to 40?
Rates are expected to be lowered.
Unemployment number rising.
Presidential election has candidates talking about give aways.
War is still happening.
China is in deflation.
Banks are seeing credit card delinquency's rise.
There are 2 "technical" patterns implying a 40 ish silver price if we continue to break out. And remember all times highs are at 50 ish.
The recent weeks price action is encouraging and is implying breakout higher.
twitter/x is full of "silver squeeze" chatter again. good to see the buzz start up again.
Be safe.
Related publications
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.