SILVERSLV With Russia planning to invest 51.5 billion rubles annually from 2025 to 2027 to build its reserves of precious metals, including silver, we could be on the cusp of central banks worldwide considering silver for the first time. Technically, this aligns perfectly with a bullish cup-and-handle pattern, as silver has already broken out three times in 2024, surpassing the critical resistance level of $27. Additionally, the Dow/Gold ratio provides further validation for this setup. Considering these key indicators - fundamental drivers, technical formations, and price ratios, the outlook is increasingly optimistic. Silver could very well reach $100 per ounce over the next three years.
SILVERSLVSIVRGLDGOLD At present, silver has a higher likelihood of breaking out again in a 'B' pattern, potentially reaching a significant resistance level around $40. Following that, it could move towards $48 to $94. Given the current silver-to-gold ratio, it wouldn’t be surprising if silver reaches $94. Just sharing our thoughts, not financial advice.
GOLDGLDSLVSILVERSIVR Gold experienced two major shifts in 2008 and 2020 under the fundamental structure of the financial system. With all key monthly, weekly, and daily resistance levels now broken, I personally predict it will reach $3,700 by 2026. I also anticipate that, following significant reforms in the financial system (just a personal estimate), gold will begin to gradually decline from this high point.
SILVERGOLDSLVGLDSIVR Silver is currently at a critical point for either a breakout or a decline, with a significant price move likely around December. Keeping a close watch on it.
SLV The recent market selloff is being caused by the implosion of the "carry trade" where people were borrowing cheap money from Japan and shorting JPY for USD, then using that money to get yields in the USA. When our yield curve started to normalize as interest rate expectations began to come down in earnest, it confounded this trade. This is causing a broad selloff as invested assets have to be sold to repay those loans, but as you can see by the USDJPY forex chart, that's having to be done as a much greater valuation of the Yen, exacerbating the problem. A lot of forex traders getting caught offsides is causing huge problems for all asset classes. Does this invalidate the thesis of precious metals? If you're a physical investor like me, no, it doesn't.
ETHUSDBTCUSDGOLDSILVERSLV If you’ve been paying attention to my comments from just 12 hours ago, you’ve likely dodged this market nosedive perfectly. Well done! Remember, though, there comes a time when managing risk is more important than dreaming of riches. Keep calm and carry on with those smart strategies! :-)
ETHUSDBTCUSDSLVSIVRSILVER Well, it seems ETH has lost its sparkle in the last couple of market shake-ups. I’ve been banging on about its declining leadership potential for ages (yesterday's comment is proof!). Luckily, I managed a hefty sell-off just in time. Meanwhile, good old gold has been showing its true value during these wobbles. So, I've shifted most of my BTC, ETH, and SLV into GLD. After all, gold’s been more reliable than my mate's excuses for missing the pub! Remember, managing risk is key—just sharing my thoughts, not financial advice!
SILVERSLVSIVR Though I've been profiting mainly from bearish moves lately, my long-term target for this "poor man's gold" remains firmly at USD 50. I believe it will outshine gold itself. So, holding long-term is still my favourite and most profitable strategy. You might think I'm just a hopeless optimist, but hey, just sharing my thoughts. ^^
SLV may be at new bottom with rise after NOV 5th.
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GOLD At present, silver has a higher likelihood of breaking out again in a 'B' pattern, potentially reaching a significant resistance level around $40. Following that, it could move towards $48 to $94. Given the current silver-to-gold ratio, it wouldn’t be surprising if silver reaches $94. Just sharing our thoughts, not financial advice.
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