silver big picture
Atualizado
disclaimer: i got no idea what i am doing
but somehow silver got a 40 year cup and handle pattern in the chart, given the current sentiment and short squeeze potential in the markets, I think it is likely that silver will go back to the midline of the channel at around 100$.
After that I got less conviction what will happen next, it might depend a lot on inflation in fiat currencies and if commodities go into a decade long bull market.
but somehow silver got a 40 year cup and handle pattern in the chart, given the current sentiment and short squeeze potential in the markets, I think it is likely that silver will go back to the midline of the channel at around 100$.
After that I got less conviction what will happen next, it might depend a lot on inflation in fiat currencies and if commodities go into a decade long bull market.
Nota
silver didnt reach the midline yet but instead retested the channel low, it increases my conviction that silver will be shining again in this decade.
Aviso legal
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