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SLV

SILVER - EASY DOUBLEAfter 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.
AMEX:SLVLong
by MWCarter
4
$DXY and Inflation$DXY, the U.S. Dollar Currency Index has been steadily declining for some time now. Based on a chart analysis, we can see a double-top formation followed by a price consolidation that ultimately led to a breakdown once closing under a support trend line. After a fall of about 4%, an attempt was made to retrace. After a pullback, a second attempt was made, but that uptrend was much weaker, leading to the current downtrend. (Also noteworthy is the death cross of the 50SMA below the 200SMA which was followed by a strong bearish candle the next day). As the USD's value falls, we are getting closer to inflation, however it is approaching a support line. Additionally, GLD and SLV, the Gold and Silver ETFs have been on a strong bull run lately. While DXY may look to reverse back into a stronger value area, Silver and Gold, which are strong fallbacks when the value of the USD decreases, may look to pair the DXY reversal with an inverse price action.
TVC:DXY
by nmatto
2