Silver: Where Do We Go Now?
Updated
I have focused heavily on the Gold run that I have called to perfection thus far and I have neglected Silver so I will post an update regarding Silver!
Silver, like Gold, is on the verge of a large bull run and historic break-out - this is only the beginning. I am expecting Silver to get 20.00 sometime in October, with a move to 17 again next week, and 18 in the next 2 1/2 - 3 1/2 weeks.
The most major retracements will be once we reach into the 28-30.00 range where we could give back 10-15% +/- 2% in the form of a correction. However, after that, expect some large and parabolic moves to record highs in 2021.
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Remain patient. Remain long. Do not short.
#1 The race to the bottom for 0 interest rates, and a global recession sometime in 2020, is all the information you need to know.
#2 The fact we got close to 16 but did not go below proved the fake bear flag. Welcome to the historic bull run.
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Many people have been DM'ing me on my recommendations for stocks for Silver (and Gold).
My recommendations for Silver are: Americas Silver Corp., and First Majestic.
- zSplit
Silver, like Gold, is on the verge of a large bull run and historic break-out - this is only the beginning. I am expecting Silver to get 20.00 sometime in October, with a move to 17 again next week, and 18 in the next 2 1/2 - 3 1/2 weeks.
The most major retracements will be once we reach into the 28-30.00 range where we could give back 10-15% +/- 2% in the form of a correction. However, after that, expect some large and parabolic moves to record highs in 2021.
--
Remain patient. Remain long. Do not short.
#1 The race to the bottom for 0 interest rates, and a global recession sometime in 2020, is all the information you need to know.
#2 The fact we got close to 16 but did not go below proved the fake bear flag. Welcome to the historic bull run.
--
Many people have been DM'ing me on my recommendations for stocks for Silver (and Gold).
My recommendations for Silver are: Americas Silver Corp., and First Majestic.
- zSplit
Note
Just a little update here:Silver remains in tight resistance of 17.0-17.2. There have been some solid algo bounces in the US indices recently resulting in a stabilization for Gold/Silver.
What you need to know is they have held their 1500 and 17 resistances quite comfortably despite some recent upsides in the market.
While I believe we will still see upside in the near future, most of the major upside will be after the ECB and Fed cuts in Mid September.
However, in the near term I believe Silver will reach 17.5-17.7 and Gold will inch its way closer to the 1540-1550 range.
Note
Another quick update.While Silver has been lagging a little bit, we now have several further catalysts to drive Gold and Silver higher.
- Trade escalation
- Hong Kong protest escalation
- Continuing falling world economic data/yields/treasures/interest rates
Over 21.00/oz is my target by 2020.
More updates to come!
Note
Huge gap up on Silver now. Hopefully now people are starting to be on board what I have been calling on tradingview for over 3 months.Brace for the epic bull run folks. Its here and here to stay.
Note
Silver continues to be on the verge of a historic bull run which I have told many traders on this website for many months. I was one of the first 'mega bull hypers' on this page.Silver will continue to outperform Gold on a daily percentage-basis until Silver reaches 21 then the values will even out with Silver still outperforming but it will be closer to a 50-50 split.
Once Silver reaches the 26-28.00 value, Gold will slowly begin to outperform Silver.
Now that Silver has reached 18, look for 21 not too far away.
Note
*NEW*Target for January 1, 2020 = 25-28.00
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