Fundamentally silver is one of the most undervalued asset on the market. I believe this year at some point we will see a breakout to the upside on silver, price is currently showing a coil pattern. The silver market is one of the smallest in the world and any significant order can cause price to move fast. I believe smart money has been accumulating long positions ready for the upcoming bull market. Silver at this price cant sustain itself as its near its mining cost, demand is outweighing current supply, this all supports my analysis.
*Demand exceeds Supply
*near mining costs
*not kept up with inflation
* Gold/silver ratio at extreme highs
*price is strongly supported at $16.50
*one of the most undervalued assets compared to stocks ,bonds , real estate
*Demand exceeds Supply
*near mining costs
*not kept up with inflation
* Gold/silver ratio at extreme highs
*price is strongly supported at $16.50
*one of the most undervalued assets compared to stocks ,bonds , real estate