Professional Traders & Technical Analysts Call It Wrong Again As Silver Takes-Out $21 And Hits Multi-Year Highs!

July 21, 2020 / www.silverdoctors.com / Article Link

Wasn't silver supposed to be going to like, fourteen...?!?

(by Half Dollar) Wow!

Silver's on the move!

Taking out $21 on Tuesday morning:

Here's a look at some different time frames:

For those doing the math, before 8:30 a.m. on Tuesday the 21st of July, silver is up almost 11.5% since last Tuesday!

At a quarter to nine in the morning, the paper gold-to-silver ratio is in the mid-80s:

Gold is moving up, but silver is moving up even faster.

In fact, silver just hit multi-year highs on my charting platform:

We're probing $21.50!

Gold's also hitting multi-year highs:

It sure looks like gold now has some pretty stout, multi-year support at $1800!

It looks like the bottom is about to fall out of the US Dollar Index:

That will be something to make note of as the dollar loses value against the original dollar.

What's going on?

Silver's simply making up for lost ground.

That's what.

And to think - the cartel, in my opinion, is trying to stem the tide.

It is, however, a futile undertaking:

How demonetisation stopped the black money market. pic.twitter.com/X46GnV7UF6

- Karan Talwar (@BollywoodGandu) September 11, 2017

Developing...

Recent News

Gold stocks down along with broad equities decline

November 04, 2024 / www.canadianminingreport.com

Big Gold still undervalued overall versus Big Tech

November 04, 2024 / www.canadianminingreport.com

Junior gold stocks outperform in sector pullback

October 28, 2024 / canadianminingreport.com

Global mining M&A on track for similar levels to 2023

October 28, 2024 / www.canadianminingreport.com

Gold ETF inflows at four-year highs

October 21, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok