Final Downside Silver Target Nearly Hit!
Trading Fam,
I don’t have anything much different to say here than what I just posted regarding my gold analysis. Basically this. I had two targets to the downside just as I did with gold. Between the first downside target and the second downside target, I have been DCA’ing in. My second downside target for silver was nearly hit today. Will silver drop lower? Unknown. And that is why it is not a bad idea to be at the DCA stat rn. Once we pop to the upside of this triangle, a safe upside target on silver is $120. But, as with gold, I think silver will go higher. Much higher, in fact. And this could all potentially occur before the year ends.
The U.S. dollar will continue to devalue, increasing inflationary pressure and concerns. The safe havens are precious metals. But with silver, we will also see strong demands from tech, AI, nuclear power, etc. Silver will fly!
Take care, my friends. And happy trading.
✌️Stew


