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
This. Price in fiat does not matter because the metal is worth far more than any fiat "value" funni munni placed on it. Historically, that's been 1/10oz for a day's labor. And that 1/10oz was able to afford having 3+ children, along with living space to accommodate, and the wife tending to the home.
Yep. So many people are still chasing dollars when they should be hoarding money. When the SHTF, it will come down to those with Gold and Silver and those without. People without will have to trade their possessions or work to get it.