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« Gold And Silver Stocks: Buy As Monetary Policy Is Relaxed | Main | Gold: Driven By The US Dollar And Hampered By The S&P 500 »
Wednesday
Jul172019

Is The Future For Silver Shiny Or Not? (Part Two)

Background

In January 2019 we penned an article entitled: Is The Future For Silver Shiny Or Not? In which we said:

1. Every picture tells a story, so we will take a quick look at the chart of silver's progress, and it is not a pretty sight

2. There have been a number of rallies which have added some cheer for silver bugs to celebrate, but these rallies didn't have the legs to mount a serious challenge to previous all-time highs and in hindsight turned out to be head fakes.

We are now seven months further down the line and the ugly face of silver appears to be undergoing a face lift.

Ten-year silver chart  

  

The last eight years have been dismal for silver miners as we can see that the bears were in control from 2011 to 2016. From 2016 to 2019 silver has been range bound. A breakout above the $20.00/Oz mark would really set this market on fire.

 READ MORE........    is the driving force for now but silver may catapult forward....dont miss the fun..

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