From a technical chart stand point:
From the fundamental stand point:
My opinion is that the price of Silver will rise.
- There's a clear channel
- Price breaks a channel and it overshoots the opposite direction
- 50 MDA about to cross 200 MDA (Golden Cross)
- Factor in Fundamentals, I believe the price will overshoot upwards
From the fundamental stand point:
- Fed is printing
- Inflation. Even if majority of dollars goes into other sectors, some will flow into silver
- Silver mines shut down. Some reopen. Supply down
- More people are buying SLV which means more people are understanding Silver, like Gold, as money. Demand Up
- Inflation Hedge
- If the rumors are true that industries are coming back online, the industrial side for Silver is now in play too
My opinion is that the price of Silver will rise.
Judy Shelton tomorrow. She fully understand a gold and silver back currency. If she gets in tomorrow, this will change everything.