Silver Christmas
Some Armstrong targets of resistance noted, could a handle form now on a breakdown ???
Best to all in the New Year,
Monthly RSI is a screaming buy , right ? Get everybody on the same side of the boat is good , right ? My return flight to Mexico should be more inflation adjusted, my car parts from RockAuto, my Nickel too, RSI energy can only hold the arm up so long before it tires for a time. Clearly a wave 5 for the time being.
And when mainstream TV starts pushing it, another warning signal
https://www.youtube.com/watch?v=NVyl-7QtDEk
IMHO, these long-term charts are unrealistic as they do not reflect inflation.
If constant 1980 dollars were used, the chart would be falling sharply.
Silver is still very undervalued.
I asked Brave AI what is the likely outcome of the arbitrage between the Western Silver Price and the Shanghai Gold Exchange’s Silver Price. On follow-up question, I received an answer that the Western price will likely rise to meet the higher SGE price within a few weeks. Gave it’s reasoning that was logical to me.
If the SGE price of Silver stays at this level or more, we may be in for continued gains in the Western price very soon.