Silver Explosion | SLV for the long term
Updated
With crypto and stocks, many overlook that boring shiny thing that used to be the basis for sound money.
Personally, i like the actual physical silver...and it's a good idea to have some for a rainy day...or financial collapse....or a zombie apocalypse (and based on how many people are on side-effect laden meds, maybe that's not so far away, though i digress).
But for now, I wanted to draw your attention to some things to note for silver. In this SLV chart, you can see a bollinger band squeeze never seen before since SLV was created. You can see prior movements when the bollinger bands got anywhere near this close...
Also, there is a years long trend line on RSI.. and another trendline to notice on MACD.
I can't be sure, but just considering mining costs, the price of silver can only go so low.
Also, there is threat of inflation (as well as deflation) and there have long been publications about global dwindling supply of silver and COMEX rigging with JP Morgan and HSBC and a whole bunch of games with the paper price of silver while the real physical metal is acquired...on and on...
Anyway, be on a lookout for silver to finally spring after being coiled for so long.
Personally, i like the actual physical silver...and it's a good idea to have some for a rainy day...or financial collapse....or a zombie apocalypse (and based on how many people are on side-effect laden meds, maybe that's not so far away, though i digress).
But for now, I wanted to draw your attention to some things to note for silver. In this SLV chart, you can see a bollinger band squeeze never seen before since SLV was created. You can see prior movements when the bollinger bands got anywhere near this close...
Also, there is a years long trend line on RSI.. and another trendline to notice on MACD.
I can't be sure, but just considering mining costs, the price of silver can only go so low.
Also, there is threat of inflation (as well as deflation) and there have long been publications about global dwindling supply of silver and COMEX rigging with JP Morgan and HSBC and a whole bunch of games with the paper price of silver while the real physical metal is acquired...on and on...
Anyway, be on a lookout for silver to finally spring after being coiled for so long.
Note
Start planning the SLV trades.... This is a nice discount in my opinion.
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