AndyCarter

SILVER - EASY DOUBLE

Long
AMEX:SLV   ISHARES SILVER TRUST ISHARES
After breaking out of a multi-year consolidation, Silver has been trending upwards and looks on trade to fill the gap left back in April 2013.

From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021.

If you compare this back to 2009/2010...

2009: Silver went up 57%
2019: Silver went up 80%

And guess where a gap fill puts us?
$27, which is a 54% increase this year.
This means we're likely on track to have a year like 2009. History doesn't repeat itself, but it often rhymes.

I'm long silver for the long-term, and believe that as long as we have huge federal stimulus and economic uncertainty, precious metals will continue to outperform stocks.

Comments

140 after that
Reply
I’ll nibble... thanks for the conservative double up opportunity
Reply
very well put
Reply
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