Long silver
Silver's is undervalued comparing to real inflation adjusted silver. Gold reached ATH in august while silver raised to 30$ which is not near as it's ATH of 50$. Technically silver is now where gold was in 2019. when it broke 7 years consolidation period. It's is real asset which has industrial use and investment asset as well. Green technologies have high demand for silver. Money printing and quantitative easing in 2020 injected large amount of new money to system. However, that money is in savings account and/or invested in stock market which is on ATH and overvalued in middle of recession caused by pandemic which is still present. When business which are now surviving for existence start working normal, people start spending as usual, then prices can be adjusted according to current supply of fiat money. Markets trade future and this is fundamentally very bullish for precious metals and all commodities as well, but especially silver. Gold/silver ratio is falling but still did not reach natural ratio of 1:15 while it is about 1:70. This means that silver has highest potential among commodities to get enormous returns, especially with rumors regarding short squeeze. I will be targeting ATH and beyond, possible triple digit silver in a few years.
Disclaimer: This is not financial advice, just my opinion
Disclaimer: This is not financial advice, just my opinion
Disclaimer
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