SILVER WHY PEOPLE ARE WRONGthing is with silver every one is predicting a nice bullish move, and i agree in august when buffet put some green paper into the asset we had a nice bull run.
but what the hell dudes some basic economy it's not about price but market cap. silver double in market cap this year from a bottom low close to 14 and an high at 30.
so no the silver won't make crazy 20 point move this year well won't probably since nobody will ever know until it's done. love how people always exapling to late what will happen.
because that the truth like people screaming to see btc at 38 K and the bottom as of current time from the last regresion is 43k.
well since august so since some enourmous liquidity was injected into silver following our most famous buffet.
pushing the price and pushing long therm investor to follow the move making a good support at an higher price.
but as of current time this market have no liquidity and is choppy.
so if you are a long therm investor yes silver could reach 50 or never who know's but be sure that the probability that this case will happen in the next 1-3 years is super low.
and for traders you think there is a lot's of way to play in a ranging market but the truth is that a good trader will try to catch good trend and make it is friend as much as posible before the friendship bend.
here the trend is not your friend wait for some liquidity or momentum moves before making some assemption about something you or no body can predict.
