TradingView
rawrthis
Jun 30, 2020 3:10 AM
Silver about to break
Long
TVC:SILVER
1D
SILVER (US$/OZ)
TVC
Description
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Jun 30, 2020 3:10 AM
From a technical chart stand point:
There's a clear channel
Price breaks a channel and it overshoots the opposite direction
50 MDA about to cross 200 MDA (Golden Cross)
Factor in Fundamentals, I believe the price will overshoot upwards
From the fundamental stand point:
Fed is printing
Inflation. Even if majority of dollars goes into other sectors, some will flow into silver
Silver mines shut down. Some reopen. Supply down
More people are buying SLV which means more people are understanding Silver, like Gold, as money. Demand Up
Inflation Hedge
If the rumors are true that industries are coming back online, the industrial side for Silver is now in play too
My opinion is that the price of Silver will rise.
Comment
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Jul 20, 2020 7:01 PM
Fundamental UPDATE:
Judy Shelton tomorrow. She fully understand a gold and silver back currency. If she gets in tomorrow, this will change everything.
Trend Analysis
Comments
Zateman
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Jun 30, 2020 9:25 AM
Thanks for the chart. Great to see a breakdown of the reasoning behind your position.
rawrthis
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Jun 30, 2020 3:26 PM
@Zateman
, Not a problem. Just sharing my views.
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