Silver Chart in AUD is breaking out.My take on Silver.
I'm on the same scenario again but this time it's on Silver.
I want to go long on gold when it reaches its all-time high in Australian dollars around 2023. I didn’t pull the trigger because I thought it was too late. You never know if you’re late until the price moves higher or lower. The RANGE indicator (BLUE line) helps me decide the best time to buy gold;
You get one or two chances in a decade to buy gold. If unprepared, it’s not late, but the reward shrinks. Gold has no risk—it’s real money.
This time, its Silver. After the gold price reach new high it almost doubled in AUD. The Silver are in new high in AUD but not in USD.
From what i observed, USD is the last currency go all time high on gold and silver. If silver price will go $50 USD, what do you think the silver price in AUD?
I am targeting Silver miner as they give you more leverage than physical metal and i already have a Silver position since 2021.
The 3 month BREAKOUT chart is closing above the diagonal trendline which is why its called breakout indicator. Once it breaks it, the price moves significantly.
