Loading ...Why wouldn’t silver bounce from here? (added reason why it shouldn’t)
Is the PBC completed? Or has the market discounted the next 6 months of deflation… and will start to price in some reflation?
Edit. Monthly close should tell us some.. and maybe even aprils close.
Edit: adding the quarterly chart. Needs a march close ABOVE 15 to stay alive.
I was bearish on silver but now that it completely broke down with gold clearly topping and having another $100-$200 downside, I wonder if those calls for $9 silver will come to pass after all.
Patrick, I think Silver will eventually follow gold, but we stand at a crossroads of historic significance. I’ll post my thoughts soon.
As an industrial metal that has largely been substituted for its diminished value and needs becomes evident…I would not be surprised to see Silver priced (temporarily) at Below Production Costs as stockpiles and public selling lead to surprising lows (Browns Bottom)…as for GOLD only time will tell…but I have my opinion…