Silver is coiling to smash the record high $50 price.
Silver
June 30 (King World News) – Graddhy out of Sweden: I have been noting for a long time that silver is climbing the right side of a huge rounded bottom/arc.
And it now is.
KING WORLD NEWS NOTE: Silver Is Set To Explode To New All-Time High
Silver has been stair-stepping up using pink trend lines; breaking above then backtesting. And, the Trump tariff crash in April ended up being just a healthy backtest to $28.50 level.
Also noted for a long time that one needs to understand that this up-move is very different from previous up-moves – the chart was now finally ready. That is the difference. Price cannot move big until the chart is ready. And, it is ready now.
Last week silver was capped right at smaller $37.50 resistance, as expected. Next big resistance level is the $41.50 level.
Gold & Silver Bull
Graddhy out of Sweden: This precious metals bull will last many more years, so do not get beat down by the declines, or lose interest during them. Understand them, be ready for them. And whatever one does, keep your eyes on the big picture.
Silver is now at pink resistance line.
KING WORLD NEWS NOTE: Silver About To Move Violently Higher As It Breaks Out Of Multi-Decade Cup & Handle Formation
Good Times For Silver Miners
Graddhy out of Sweden: Lately I have been noting that good times for silver miners are now coming.
It did, and since then we saw a big up-move in the silver miners.
KING WORLD NEWS NOTE: Silver Miners Coiled To Explode Higher vs Silver
TSX Venture Breakout
Now the laggards group for large gold miners are gearing up, as are silver miners, as are smaller companies since the TSX Venture broke out (shared breakout real-time). But you need to play it right.
Seeing many arguing that precious metal miners are no good just because they for periods are lagging the metals. That is not very useful info, and repeating that endlessly shows one do not understand the miners, or big picture charting.
Just like with the metals, playing miners is all about timing.
It is imperative to really understand that for markets, most have to be at the wrong end of sentiment/view on things at major turns, breakouts and levels. Always. Including all analysts, “experts” and services.
Think hard about what this really means for what you read and watch, plus the time you spend searching for information. And for how you invest and trade.
Markets move in phases and trends. We are about to enter a new phase for miners. The fourth since the gold 8-year cycle low back in 2022 (which I noted real-time).
JUST RELEASED!
To listen to Alasdair Macleod discuss what to expect next after another wild week of trading CLICK HERE OR ON THE IMAGE BELOW.
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