Today Michael Oliver, the man who is well known for his deadly accurate forecasts on stocks, bonds, and major markets, communicated to King World News that the price of silver is close to being unleashed on the upside.
Silver: annual momentum
March 25 (King World News) – Michael Oliver, Founder of MSA Research: First, look at the simple price chart. Tell us you’ve seen many markets top in this manner. It’s now in a fourth push to the $26 level (intramonth highs) and to prior peak monthly closes since late 2021 (red line on price).
Silver Has Continuously Attacked The $26 Level
A Break Above That Level Will Unleash Silver To $40, And Then On To A New All-Time High Above $50
So last week, with their crayons, the “technicians” saw that price was again approaching $26, so they sold thinking it will work forever.
If this week/month closes at $25.27, then annual momentum will break out of the massive base that has been building over the past two years. That number will adjust down for April to a monthly close at $25.25.
King World News note: The time to purchase cheap silver may soon be running out as silver is close to unleashing toward $40, then above $50. For those of you who are accumulating physical silver, use any weakness to increase your hoard.
To listen to Alasdair Macleod discuss China losing control over the price of silver and what this will mean for the silver market in 2024 CLICK HERE OR ON THE IMAGE BELOW.
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