Commodity Trade Mantra

Posts Tagged ‘iShares MSCI Global Silver Miners’

Silver Hasn’t Flashed This “Buy” Signal in Almost a Decade

Since peaking in 2011, silver had dropped 72%…far more than gold’s 45% drop. An asset carves a bottom when it stops falling, forms a bottom for a period of time & starts moving higher. This signals that buyers have stepped in and given the price a “floor. Like gold, silver has now completed its carved bottom. We think gold is heading much higher, but silver could go even higher.

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