Loading ...$20-$22 Silver Before The End Of March ?
It’s been my view for some time that we wold be approaching $1800 gold and $20-$22 Silver by March/April. Now that we’re getting closer, I can narrow it down to roughly the 3rd week in March. Here’s the chart…
I have repeatedly stated something that is apparently erroneous. I have repeatedly stated that silver tends to go down beginning around March 1st. I believe I recently read this statement in a generally reliable subscription service. However
https://www.sunshineprofits.com/gold-silver/charts/seasonal-charts/silver-seasonality/
suggests that there is only a mild and transient decline
while
https://www.seasonalcharts.com/classics_silber.html
does not show a decline at all.
I suppose here is as good a place as any to make my correction.
I do remember however gold or PM stocks getting hit hard over and over again around the time of the PDAC meeting, which this year starts on March 1.
I was imagining 27 for end of March… but 21-22 now seems more reasonable and attainable. Fits with most indicators for now as a good level to sell into strength.