KWN has received questions about the longer-term structure of the silver market after the following King World News piece highlighted the decidedly bullish long-term posture of the gold market.
Silver Turning Bullish?
October 22 (King World News) – So here is a fascinating look at big picture for the silver market. The price of silver has been threatening to break and close above its key long-term 50-month moving average for the first time in 4 1/2 years (see chart below).
Silver close to breaking above key 50-month moving average for the first time in 4 1/2+ years!
3 consecutive closes above the 50-month moving average will confirm the next leg higher of the secular bull market in silver has begun. Despite the recent volatility in silver, that bullish break and bullish monthly closing sequence is coming.
What about silver miners, what are they saying?
In 2016, Pan American Silver broke above its key 50-month moving average for the first time in 5 years!
“Blue Chip” Pan American Silver is one of the largest silver mining companies in the world and it has already given investors a clue as to the future direction of the price of silver — higher.
Silver Bull Just Getting Started
The bottom line is that patience is all that is required at this point. Do not be concerned about games the criminal syndicate of banks play in the paper silver market. The wind is at the back of the bulls in the silver market as well as the high-quality companies that mine silver and it will remain that way for many, many years to come.
***KWN has now released the remarkable audio interview with Dr. Stephen Leeb discussing the catalyst for a mega-bull market in silver, the takedown in the metals, oil and much more CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: SILVER SHOCK: Energy Watch Group Believes A Staggering 2 Million Tonnes Of Silver Will Be Needed For Solar! CLICK HERE.
© 2017 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
