Silver has broken a many year long term downtrend very recently. It is now battling the $21.00 strong resistance. If it breaks it and when it breaks it, it will really start to move. I don't think it that it will happen just yet. It should pullback and possibly bounce off the top of the the old resistance line and push through shortly after.
Silver along with Gold are the oldest forms of money and served us very well over the millennia. Now we should be using them as a hedge against inflation for preservation of our wealth.
I personally don't view this as a trade, I pay myself with metals (especially silver) and stack as insurance to hold something tangible as wealth preservation for very long term future considerations. Like a monetary collapse or just simply cash out for retirement.
Why silver? Because no one loves it. When people finally do, I can have a nice stack.
If you wish to trade signals to look for are the ratio of silver to gold. It aprox 80 to 1 at the moment and global mining consensuses say its mined anywhere from 8 to 1 up to 12 to 1.
People used to work a day for a tenth of an ounce.
*silver is life*
Silver along with Gold are the oldest forms of money and served us very well over the millennia. Now we should be using them as a hedge against inflation for preservation of our wealth.
I personally don't view this as a trade, I pay myself with metals (especially silver) and stack as insurance to hold something tangible as wealth preservation for very long term future considerations. Like a monetary collapse or just simply cash out for retirement.
Why silver? Because no one loves it. When people finally do, I can have a nice stack.
If you wish to trade signals to look for are the ratio of silver to gold. It aprox 80 to 1 at the moment and global mining consensuses say its mined anywhere from 8 to 1 up to 12 to 1.
People used to work a day for a tenth of an ounce.
*silver is life*
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