Silver breakout attempts over the last 3 years gold did not successfully break above $1375 - THE single most important price point for the whole gold market - but finally did so this past Thursday making it one for the history books. That's why we strongly believe that this time is different. 
The silver price chart embedded above says it all: - Silver's breakout is convincing. It looks solid, even though this is just the first day. We need more data, and we want to see 3 consecutive daily closes combined with 3 consecutive weekly closes above $15.20. Previous attempts for silver to break out did not start on such a strong note. This looks very promising with the start.
- Silver's breakout comes together with gold's break above its 6 year bear market wall. This is crucial, and never before in the last 6 years did this occur.
- Silver is seriously undervalued compared to gold. Note that silver trades at 10-year lows while gold is now at the same price level as 6 years ago.
As silver is the ?restless metal' we expect a violent upside move in the silver market, not only in the silver price but even more so with silver miners… This market looks gorgeous, and has lots of upside potential in 2019. Editor's Note: The above excerpts from the original article have been edited ([ ]) and abridged (?) for the sake of clarity and brevity. The author's views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement. You are encouraged to sign up in the top right hand corner of this page and receive our FREE bi-weekly newsletter (see sample here)Scroll to very bottom of page & add your comments on this article. We want to share what you have to say! The post Breakout in Silver Looks Convincing With Lots Of Upside Potential appeared first on munKNEE.com. |
