The Most Bullish Set Up for Silver I Have Ever Seen!
My fellow Steemians,
After trading sideways for almost 2 years, investors have given up on silver. The 6-month chart below looks very boring, but it could be a mistake to look at this chart as a bearish chart.
Clive Maund Streetwise Reports
If you look at the 8-year chart the picture looks a lot better with the inverse Head and Shoulder Pattern.
Clive Maund Streetwise Reports
The last chart shows the Silver-Gold ratio. This chart show that Silver is super cheap relative to Gold. The ratio only has been this low 4 times in the last 20 years.
Clive Maund Streetwise Reports
It looks like a major new silver bull market is unfolding. If silver kicks of with a dramatic spike, the price could be accelerated upward by short covering!
Thank you for reading!
I hope your right! 😁
I hope so too ...
I think you just convinced me to buy some more silver.
I particularly like the volume build. Somebody has been accumulating!
JP Morgan is cornering the Silver market!
https://steemit.com/silver/@chinchilla/after-the-hunt-brothers-and-warren-buffet-is-jpmorgan-cornering-the-silver-market