Throughout recent history, the $48 silver price has been a resistance point for silver. Each time silver has reached this price, a sell off would bring the price back down.
Much of this has been instigated by hedge funds working for the globalists, protecting the fiat dollar and Federal Reserve.
Rising precious metal prices would attract investors, thus pulling these investors away from the bond market and investing in the only product the Federal Reserve offers, the fiat dollar.
On Thursday, silver broke the $48 mark, and a large sell off dropped the price of silver by $2.30. Silver climbed back up a full $1 by the end of the day and very quickly reclaimed it's $48 mark the next day. Sitting at $48.22 since the end of the trading day on Friday.
We may see another small sell off at $50 but I think again, silver will recover quickly and break through this resistance point. If we can break through the $50 barrier and maintain this as the new consolidated price for silver, the sky is the limit.
Silver Eyes Historic Breakout as $48 Neckline Looms
https://thetradable.com/commodities/silver-eyes-historic-breakout-as-48-neckline-looms-ig--a
Gold, Silver See Historic 2-Hour Crash as Volatility Hits Unprecedented Levels
Silver Price Forecast – Breaking Above $50 Would Change Everything
Finally, stacker paradise has arrived.
2M individuals buying 7 ounces of silver each month (~$350), 84 oz per year, locks up all 160M ounces of mined silver not being used for industrial products. Forget "Net-Zero" carbon, we want "Zero Physical" silver.
If it is only 500k of us, then we each need to buy 28 oz per month.
Many of us are buying 100s of ounces per month then "losing it" in boating accidents. /s
Haha!
Mah ninja!
u/#catdance
I gave some away to masked villains every October, when it was under $10.00.
We handed out silver eagles to all the nieces and nephews at Christmas when they were $7-$10 back in the 90’s!