I have been following this market since the late 1990s. Never in that time have I seen the stars align so much for this asset. Besides the strong fundamental case, we have world currencies about to undergo “The Great Reset”, a World Economic Forum initiative to basically cover up the poison of FIAT currencies. Let’s not forget the attention the metal got through Wall Street Bets and now Wall Street Silver. The latter group will be throwing up billboards promoting the ownership of silver starting next month.
Now let’s get to the technical picture. Silver has had two spikes in price up to $50 an ounce. The first was the Hunt Brothers event in 1980 and since that time, the metal has traced out a giant cup and handle pattern, that anyone who has any working knowledge of technical analysis will recognize in this. I am pretty much all in on silver now. The Bitcoin chart looks god awful and the equities markets are teetering in my opinion.