Time to test the weekly trend - Possible breakoutSilver is looking to test the weekly TA trend. This could possibly be the beginning of a new bullrush if the resistances shown on the chart are broken. It would likely mean the start of more volatility but also a larger uptrend.
With macro looking the way that I've mentioned previously I'm decidedly positive and long silver.
Let's see where this takes us and if my speculation is correct. I'm merely a TA noob, so don't take my ideas all that serious yet even if my fundamental analysis perspectives are more mature.
Inflationhedge
alt coins will move in tandem with BTCDogecoin has been building up in value and has become more relevant. The nice thing about Dogecoin is that you can load the boat because of the penny price.
It appears to have pulled back enough after raging. And just like bitcoin, it will come raging right back. Go long and load up now while it's down. Never do more than 5% of your portfolio.
Go long on GBTC if you can't buy crypto directlyGBTC will move almost identically to bitcoin, it's an ETF from Grayscale Funds that tracks, you guessed it, bitcoin. JP Morgan just gave bitcoin a possible price target of $146,000. Tim Lee from Fundstrat, a very reputable analyst, gave it a $100,000 price target.
If you can't buy crypto directly in your trading account or retirement account, you can get exposure to the bitcoin boom through this avenue. Go long GBTC because it will follow right along with the actual bitcoin crypto and is a great way to get exposure.
This will also act as an inflation hedge.