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
Silver is almost at the same price it was 55 years ago, mighty exciting.
Me, I prefer Bitcoin.
If you were a legit bitcoin millionaire you prob wouldn't be here with us
Growing closer everyday. I bought a little Apple stock in 1982, so I do understand patience, but wailing to get rich on silver makes no sense to me.
We are legion
We need both. You may be able to buy a "free energy capture device" with silver to power your own Bitcoin mining node. Low cost energy capture and transmission relies on silver. Energy is needed for Bitcoin. Low cost energy allows personal Bitcoin mining at net positive "cost of Bitcoin acquisition" competitive with large scale Bitcoin miners. Silver is THE KEY to decentralized energy and Bitcoin mining.
Agreed. I just se Bitcoin as a much better long investment.
You are correct. If you have just 1 Bitcoin now, you will likely be a $ billionaire in approximately 24 years. Then you can start buying controlling stakes in corporations (51%) and firing and blacklisting satanists.
If true, my kids will be. I'll be long gone, lol, but thanks for the thought.