jdharward

Silver to $70 by May 20th 2024?

Long
TVC:SILVER   CFDs on Silver (US$ / OZ)
Long term, I'm very bullish on SILVER.

Short term, however, the price may decline down to the high $10s. If this happens, this will be a great buying opportunity.

The price could also remain around current support of $14.20

In either case, however. we could see a reversal/transition into the next wave up that takes the price to at least $70 by end of May 2024.

You would think the Fed injecting trillions of dollars into of printed money into the economy would drive the price of metals up but the reverse is happening. At least, for now.

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.