Buy silver before it’s too late

[Master Pu]

SI has been ranging from 18 to 21 over the past few weeks.

And it will continue to range until the chart says otherwise.

 

[maxinger]

View attachment 311779

 

[Overnight]

View attachment 311779

That is a messed-up chart, that is a LOT of ticks to the upside!

 

[Master Pu]

That is a messed-up chart, that is a LOT of ticks to the upside!

QE4EVER.

We are likely heading for a decade of inflationary spikes. They can try to fight it, but self-preservation usually wins.

 

[engineering]

You have to be insane to buy physical silver right now.
Apmex bar is $27.31. Per the website "As low as $7.29 per bar over spot".

Spot is $19.71 right now. How can you possibly expect to make any money with that spread?

SLV at $18.13 seems like a no brainer even with the expense ratio.

Personally, I am looking to get back in some GLD at some point but I think you need to get in slightly lower than right now.

Still an almost 20% premium on a 100 oz bar. It seems like there would be a lot of money to be made buying on Comex, taking delivery, and chopping up the bars.

 

[SunTrader]

Sliver has been outperforming Gold since the early March lows, but I think it is likely both are in the process of correcting recent uptrend - Gold on the order of $50.-$150 downside and Silver $0.50-$1.50 over next few weeks. Then see maybe at that time resumption of uptrend.

 

[schizo]

I think there's a decent chance that we break out above. In that case, price target will be 36 and change.

 

[Master Pu]

I think there's a decent chance that we break out above. In that case, price target will be 36 and change.

View attachment 311951

Didn’t see that, cheers! I think it’s heading to $50 and possibly beyond, we are looking at inflationary spikes for a decade. The monthly chart you posted has a signal within it, not on your chart, that is one of the best indications I used for years now. It’s going up baby

 

[Master Pu]

12 monthly charts of gold and silver. How often we look at these? I found them both interesting.

 

[SunTrader]

I almost always truncate spike reversals and use spot price, rather than futs continuous charts, for long term view:-