SILVER - $1000 might be too far, but can it hit $50?
SiLVER has been consolidating for years now, ranging between 13 and 20 USD.
We can see a GOLDEN CROSS in May 2020 on the weekly timeframe, which marked the beginning of the current uptrend.
SILVER break through 20 to 29.83 in August 2020 and recently got a nice support, bouncing up from 21.5.
Previous ATH:
48 in January 1980
49.83 in April 2011
It is unclear if SILVER can go up to $1000, but if is would be able to find support at 27, it could possibly reach 31.1 and even try to break previous ATH, climbing above 50 USD / OZ. Who knows what next?
Would be very interesting to see SILVER in action. Going long here. Expect heavy volatility!
Not a financial advice, do your own research!
We can see a GOLDEN CROSS in May 2020 on the weekly timeframe, which marked the beginning of the current uptrend.
SILVER break through 20 to 29.83 in August 2020 and recently got a nice support, bouncing up from 21.5.
Previous ATH:
48 in January 1980
49.83 in April 2011
It is unclear if SILVER can go up to $1000, but if is would be able to find support at 27, it could possibly reach 31.1 and even try to break previous ATH, climbing above 50 USD / OZ. Who knows what next?
Would be very interesting to see SILVER in action. Going long here. Expect heavy volatility!
Not a financial advice, do your own research!