I've been collecting physical silver since about 2013, kind of a set it and forget it strategy. I finally came back around to look at this chart, and compared to the dollar it is starting to look stronger. I believe the Silver and Gold are manipulated through naked short selling, this is evident in the prosecutions of several traders caught for manipulating the prices a year ago, I believe they were at goldman sachs.. I don't follow the metals markets too closely, but I am not a fan of an unregulated/unaudited federal reserve and their money printing addiction, so I naturally like gold and silver for their physical properties, and BTC and ETH for their digital properties.
If you look at the Bitcoin Chart from 2017, there are a lot of similarities to this silver chart, except the Silver chart seems to be lagging behind in terms of candle structure, just thinking that the price may rise to look similar to where we are now in the BTC market cycle.
When the everything bubble pops, do you think people will flood into gold, silver, BTC, ETH?
If you look at the Bitcoin Chart from 2017, there are a lot of similarities to this silver chart, except the Silver chart seems to be lagging behind in terms of candle structure, just thinking that the price may rise to look similar to where we are now in the BTC market cycle.
When the everything bubble pops, do you think people will flood into gold, silver, BTC, ETH?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.