Silver is the dream metal!
As with the gold chart, silver appears to be following a similar uptrend.
An entry point close to the bottom trend line as indicated by the green arrow
could see a profitable trade.
Personally, I am in for the long haul, as silver is grossly undervalued according
to historical ratios. When dividing the price of gold by the price of silver the
ratio is a staggering just under 85 to 1.
In 1980 the price of silver rose to around US$50 per ounce, and gold rose to US$850
an ounce, that's 38 years ago! Silver is now under US$15 an ounce! Is this for real
or what? Maybe I'm only dreaming, but I'll take it!
While silver may not quiet go to the stars, it will definitely go to the moon!
An entry point close to the bottom trend line as indicated by the green arrow
could see a profitable trade.
Personally, I am in for the long haul, as silver is grossly undervalued according
to historical ratios. When dividing the price of gold by the price of silver the
ratio is a staggering just under 85 to 1.
In 1980 the price of silver rose to around US$50 per ounce, and gold rose to US$850
an ounce, that's 38 years ago! Silver is now under US$15 an ounce! Is this for real
or what? Maybe I'm only dreaming, but I'll take it!
While silver may not quiet go to the stars, it will definitely go to the moon!
Note
See the latest update 24 Decemberor adjust the bottom line of the parallel uptrend down a little to the low point on December 1 and uptrend will still be intact.
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.
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.