Some Thoughts On Silver
A few months back I posted about Silver beginning what was going to go down as the greatest bull market in financial history. At that time and others I showed the 40 year chart with the 30 year cup and 9 year handle of silver that others have also posted about. The silver price action since confirms what we have been expecting, that this is early days in the bull market. If gold has the expected spike to either the old high around 1920, or to the round number of 2000, silver should move above 21. Just keep in mind that there is significant resistance in the 22-23 area. Since I expect a gold pullback after any spike that may occur, silver too, should pullback if it gets to 22-23. When I look at a ten year chart the resistance looks much more formidable than on the 40 year chart. It puts it into perspective that it may frustrate traders for a while but long term investors should just consider it a rest stop on the way to new all time highs.
Goose Bumps !!
I get chicken bumps.
Spot Gold $1838, spot Silver $21.01 already…