disclaimer: i got no idea what i am doing
but somehow silver got a 40 year cup and handle pattern in the chart, given the current sentiment and short squeeze potential in the markets, I think it is likely that silver will go back to the midline of the channel at around 100$.
After that I got less conviction what will happen next, it might depend a lot on inflation in fiat currencies and if commodities go into a decade long bull market.
but somehow silver got a 40 year cup and handle pattern in the chart, given the current sentiment and short squeeze potential in the markets, I think it is likely that silver will go back to the midline of the channel at around 100$.
After that I got less conviction what will happen next, it might depend a lot on inflation in fiat currencies and if commodities go into a decade long bull market.
Kommentera:
silver didnt reach the midline yet but instead retested the channel low, it increases my conviction that silver will be shining again in this decade.