SLV - silver price has been suppressing by banks for a long time. The timing cannot be better for silver as of right now. We have all the fundamental and technical analysis for silver to up very high.
The future for silver is bright as demand for silver is rising with electric car needing a lot of silver to build.
We have dollar being hand out as a form of stimulus devaluing what we call money. As long as dollar is being devalue gold, silver and cryptocurrency will be high demand.
Ever since silver break the $20 price level, its has been moving siding trying to get the liquidity to go up.
We have the catalyst for silver to go up because of wallstreetbets movement fighting back the institutional and bank.
Also with 1400 stimulus that is supposedly coming in march. We could see more dollar devaluation that can only help silver buy side sentiment.
My play is buying 50 call june 30th expiration.
The future for silver is bright as demand for silver is rising with electric car needing a lot of silver to build.
We have dollar being hand out as a form of stimulus devaluing what we call money. As long as dollar is being devalue gold, silver and cryptocurrency will be high demand.
Ever since silver break the $20 price level, its has been moving siding trying to get the liquidity to go up.
We have the catalyst for silver to go up because of wallstreetbets movement fighting back the institutional and bank.
Also with 1400 stimulus that is supposedly coming in march. We could see more dollar devaluation that can only help silver buy side sentiment.
My play is buying 50 call june 30th expiration.
Comment:
One other key catalyst for silver to move much very fast is as silver price is moving up banks that are shorting silver will have to start buy back to cover their losing short positions just like Melvin Capital have to do for their game stop.