SILVER SUPPORT ~ $80
DAILY CHART
UPDATE….THIS FAILED SPECTACULARLY
FARMERS WARNING YESTERDAY MORNING WAS BANG ON….KUDOS SIR FARMER
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Yep, that’s a good chart. Same way I see it. Granted a little under 80 right now, but PM market being rug pulled on higher inflation which makes the algos sell Gold and silver. But the algos don’t get the fact that the Fed is trapped and can’t raise and can’t cut. This will lead to negative real interest rates…and a 10 year rate higher than 5%….that’s when the market starts to roll over, and money will gush to the metals and cause the metals to hit 7000/150+….it’s coming.
Farmer was bang on. $76.90 in this market is within a whisper of $75. And the day is young….
And never mind gold going to the woodshed…
Thanks Silverboom