Silver is in the buy zone. Reversal imminent.
Silver has entered it's buy level of $17-18xx and as the wave pattern comes to the next wave, the price could dip down one last notch.
Silver squeeze, which started in Feb 2021 has drained the COMEX of silver, reducing from 150 million ounces to less than 57 million today. At some point the COMEX will declare force majeure and anyone in silver ETFs is going to be mad.
No price targets as we need true price discovery... but $600 silver is not a meme.
The titanic has hit the iceberg and the life boats are in the water, rowing away while the general public remains on the titanic, drinking and socializing.
The titanic is the US Dollar and the life boats are precious metals but silver in particular.
Silver squeeze, which started in Feb 2021 has drained the COMEX of silver, reducing from 150 million ounces to less than 57 million today. At some point the COMEX will declare force majeure and anyone in silver ETFs is going to be mad.
No price targets as we need true price discovery... but $600 silver is not a meme.
The titanic has hit the iceberg and the life boats are in the water, rowing away while the general public remains on the titanic, drinking and socializing.
The titanic is the US Dollar and the life boats are precious metals but silver in particular.
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