After breaking out of a multi-year consolidation, Silver has been trending upwards and looks on trade to fill the gap left back in April 2013.
From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021.
If you compare this back to 2009/2010...
2009: Silver went up 57%
2019: Silver went up 80%
And guess where a gap fill puts us?
$27, which is a 54% increase this year.
This means we're likely on track to have a year like 2009. History doesn't repeat itself, but it often rhymes.
I'm long silver for the long-term, and believe that as long as we have huge federal stimulus and economic uncertainty, precious metals will continue to outperform stocks.
From today's prices of ~$20, I see Silver hitting $27 soon and ultimately my first major target of $36 by the end of 2021.
If you compare this back to 2009/2010...
2009: Silver went up 57%
2019: Silver went up 80%
And guess where a gap fill puts us?
$27, which is a 54% increase this year.
This means we're likely on track to have a year like 2009. History doesn't repeat itself, but it often rhymes.
I'm long silver for the long-term, and believe that as long as we have huge federal stimulus and economic uncertainty, precious metals will continue to outperform stocks.