If you have missed out on bitcoin or feel your position is not as strong as you want, or perhaps you want to diversify a little.
By simply looking at this chart and understanding chart patterns you can see that silver over a forty year period has been forming an almost perfect cup and handle formation. The cup and handle is not confirmed yet and may take another year or more before confirmed. I assure when it does we won't be talking about $30 $40 $50 silver anymore as it will go well into triple digits. Any buys under the price point of $50 usd will be laughable. The problem with a waiting for confirmation strategy is that might be hard or near impossible to take possession of physical deliver of silver.
The highland oval of the RSI shows that Silver is clearly in a bull market (still very early) as it broke through the 60 on the RSI and has held it as support.
Once the $30 level (final true resistance) is broken there is a smaller resistance area at $35 to $36 usd and then $50. The confirmation of this chart pattern comes only when previous all time highs (resistance) is passed and retested as support. That point is around $49 to $50 usd
You want generational wealth? For me it's Bitcoin and Silver. Yes Silver over Gold.
All opinions shared here are my own and not financial advice.
By simply looking at this chart and understanding chart patterns you can see that silver over a forty year period has been forming an almost perfect cup and handle formation. The cup and handle is not confirmed yet and may take another year or more before confirmed. I assure when it does we won't be talking about $30 $40 $50 silver anymore as it will go well into triple digits. Any buys under the price point of $50 usd will be laughable. The problem with a waiting for confirmation strategy is that might be hard or near impossible to take possession of physical deliver of silver.
The highland oval of the RSI shows that Silver is clearly in a bull market (still very early) as it broke through the 60 on the RSI and has held it as support.
Once the $30 level (final true resistance) is broken there is a smaller resistance area at $35 to $36 usd and then $50. The confirmation of this chart pattern comes only when previous all time highs (resistance) is passed and retested as support. That point is around $49 to $50 usd
You want generational wealth? For me it's Bitcoin and Silver. Yes Silver over Gold.
All opinions shared here are my own and not financial advice.
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