Silver also moved upwards on something deeper too: the slow erosion of trust in Fiat currencies, the debasement of US dollar and the instinctive human reach for real assets when the world feels uncertain.
Yes the long upper shadows on the chart hint at a breather. A near term correction wouldn't surprise me.
However none of that shakes the long term story of Silver. Not when the demand is structural , not when the supply is tight and not when Silver is becoming the essential metal.
I didn't expect SLV to run up this fast but I can see now why it did. This is just the beginning.
@CC on ETFs @Tiger_comments @Tiger_SG @TigerStars @TigerClub
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- lazymoneymakerยท16:55Silver n gold both will be bullish. Silver another thing to watch out is government policy to regulate by increasing margin. I bought AG.LikeReport
- InverseCramerยท14:02Damnโฆ. ๐๐ผ๐๐ผ๐๐ผLikeReport