My beloved asset of them all - $SILVER.
First of all, where are the smart-asses who said it was finished when the price was simply going through a textbook correction after hitting the ATH of $54.6 three and a half weeks ago?
I can’t seem to find them anywhere now - awkward. We’re back above the $50 mark, and I expect this multi-decade former rejection level to flip into solid support.
The final WAVE (5) is in motion, targeting $59.7, $68.5, and potentially even higher. I see far more upside in silver than in gold, and I’ll post about the silver/gold ratio separately soon - it’s fascinating how undervalued silver remains historically.
The DAILY chart has stayed ultra-bullish and looks ready to keep printing. I won’t be selling my physical silver anytime soon, and for my leveraged (10x) positions, those WAVE 5 targets serve as my temporary take-profit levels.
The orange box on the chart marks a solid - though slightly late - entry zone. The 50 MA (yellow line supporting the box) is where I’ve set an alert; if price crosses below it, I’ll re-evaluate the setup.
So far this year, it’s hands down been my best-performing asset. The silver bullet train doesn’t stop - and it won’t stop anytime soon. Hard assets season. Hard-assets supercycle.
💙👽
First of all, where are the smart-asses who said it was finished when the price was simply going through a textbook correction after hitting the ATH of $54.6 three and a half weeks ago?
I can’t seem to find them anywhere now - awkward. We’re back above the $50 mark, and I expect this multi-decade former rejection level to flip into solid support.
The final WAVE (5) is in motion, targeting $59.7, $68.5, and potentially even higher. I see far more upside in silver than in gold, and I’ll post about the silver/gold ratio separately soon - it’s fascinating how undervalued silver remains historically.
The DAILY chart has stayed ultra-bullish and looks ready to keep printing. I won’t be selling my physical silver anytime soon, and for my leveraged (10x) positions, those WAVE 5 targets serve as my temporary take-profit levels.
The orange box on the chart marks a solid - though slightly late - entry zone. The 50 MA (yellow line supporting the box) is where I’ve set an alert; if price crosses below it, I’ll re-evaluate the setup.
So far this year, it’s hands down been my best-performing asset. The silver bullet train doesn’t stop - and it won’t stop anytime soon. Hard assets season. Hard-assets supercycle.
💙👽
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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.
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.