It’s a good time for many talking heads out there right now as silver seems like it has a booster rocket underneath it pushing it higher and higher.
We are witnessing history here as the precious metal silver makes it’s way to 1980 highs of $50/oz.
The only remaining hurdle seems to be $39 before it has an open field with $50 being at the end zone! $36 is the most recent resistance level which the shiny metal blew out of the water today as it reached an intraday high of $36.71 before settling at $35.93/oz.
Precious metals will keep rising as global tensions seem to increase and spread it’s tentacles in to many aspects adding to investors uneasiness. Cheap money, mixed in with American QE, or quantitative easing keeps driving more and more investors to hard assets such as gold and silver.
It is not too late to profit from the rising silver value, keep an eye out for pullbacks, such as the one that happen late in the day causing silver to close over .70 down from the days high. We could very well see $40 silver within the next seven to ten trading days.
The only shots you are guaranteed to miss are the ones that you don’t take!
Stop being a spectator and secure a portion of your wealth.
As the dollar goes lower in value, so does your net worth if cash is where your wealth currently lies.