Silver is very bullish from a fundamental perspective. There are more paper silver owners than there can possibly be of the silver itself.
While I am more interested in silver-related stocks and I haven't picked up any, I think the silver chart looks accumulation-ish.
What is contradicting to that theory is high volume activity near the top of the acu-channel (purple circles). They are exactly why I would rather own stocks that look bullish by themselves than paper silver.
The purple area is a theoretical entry zone if I wanted to own theoretical silver (😋😋). I don't think a spring action would make much sense here because it would have to go below $20 to really shake people off and even that would probably be seen as a discount instead by others. I think it won't even reach the support this time. Either way looks like a very good price.
If silver grows (real silver), I think the stocks are likely to outperform it several times. Plus you don't need to store them in an undisclosed location with specific climate conditions the silver requires. Do you have any specific recommendations on the specific stocks before I start looking?
While I am more interested in silver-related stocks and I haven't picked up any, I think the silver chart looks accumulation-ish.
What is contradicting to that theory is high volume activity near the top of the acu-channel (purple circles). They are exactly why I would rather own stocks that look bullish by themselves than paper silver.
The purple area is a theoretical entry zone if I wanted to own theoretical silver (😋😋). I don't think a spring action would make much sense here because it would have to go below $20 to really shake people off and even that would probably be seen as a discount instead by others. I think it won't even reach the support this time. Either way looks like a very good price.
If silver grows (real silver), I think the stocks are likely to outperform it several times. Plus you don't need to store them in an undisclosed location with specific climate conditions the silver requires. Do you have any specific recommendations on the specific stocks before I start looking?
