Stepping back and looking at the bigger picture for silver, it seems clear we’ve been getting so used to prices sub-$20, it’s coloured our view of the future. As I always say, just listen to what the chart is telling us. This chart is shouting at us through it’s public address system – it’s saying $50-$60 first, then a long (2 years ?) consolidating with a drop of at least 30%. After all that, buckle up for the ride of your life. We’re going ‘to da moon’.
Ok, so I’m being over-dramatic, but that’s basically what the chart is suggesting, crazy as it sounds. Something not good happens next year to cause the huge drop. Something very not good happens after 2023 to give us that moon-shot.
looking at just PRICE without time and we see a clear trend to $50 this year and $100+ next year.
I agree it sound wild by that is the data...