Silver (XAGUSD) recently formed a Golden Cross on the 1W chart (when the MA50 crosses above the MA200), having fully recovered from the coronavirus collapse. This is a very encouraging sign for long-term investors as a similar pattern was formed in the early 2000s right before Silver's big expansion. This means that we are either in front of the greatest buy opportunity of the decade on this asset or at least we are getting there.
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I buy at 17.75 im sure is going long reach 20$
Breakout that level and continue long ;)
Gunslinger2005
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everything has recovered from the initial
coronavirus collapse... except the world and the economy and an environment free from the virus itself. worth considering that there is still some tension and fears around
UnknownUnicorn1300833
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nice chart, thanks. For another perspective use the 12 period momentum indicator on the quarterly timeframe and you'll see the same pattern appearing from the last % run-up as it went above the 0 line, have fun
apsnt
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KGH (GPW) is a copper and silver miner. Just saying.
CrosWis
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My grandfather lived through the depression. He was an officer in the 82nd and jumped on D-DAY. He kept a box of silver coins and a 1911 with a box of .45 cartridges buried under a tree in his backyard. He showed it to me only once and told me that he had seen what happens when things fall apart. He said you can't rely on much so take what you can rely on and bury it deep for the day you need it.
Yeah...Im long silver right now.
Michael_Harding
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I agree, Silver could arrive around the $120 mark by 2030. Next market crash is likely expected a few years before that in 2028 which illustrates nicely in the chart above the bull run from 2028 - 2030.
Decrypt0
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:)
b_goleman
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Everything is happening with far greater pace this time. I agree with your target and where we're in the cycle however the speed at which we get there will (in my opinion) be violent and abrupt and not slow and steady.
MMMEASY
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I'm agree with you idea I think the silver now it's a very good and secure invest. When thr world was in crisis in the past this it's a valor than always grew up.
Im also long bias
I buy at 17.75 im sure is going long reach 20$
Breakout that level and continue long ;)