Silver has been making moves again. You won't see it on any headlines, but the charts make you wonder. Is it poised to climb aggressively again?
Here's the 30-day chart. On 8/4 it was just shy of $60/oz. As of today it closed at $63.70. That's a $1/oz increase per day. Granted it fluctuated during that time, but it's been a while since we've seen a steady increase without the price being hammered back down.
It'll be interesting to see what happens next week. It'd be nice to see it continue to steadily climb, but then the uncertainty in Iran may throw a wrench into that even with how bad the job report numbers look. Gold is on the move as well, so hopefully it's a good sign. Have an exit planned if you're looking to sell, because we may not see a huge spike like last time, but we might be looking at the start of another run in price.
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I've already noticed it and said, "Darn I wi sh I bought my usual DCA this month but My Municipal property Tax plundered my chequing account first before I could do it. I'm out of dry powder for another month.
Stacking opportunity at $56USD missed.
Yeah, it's a bummer. Oh well, we DCA whatever we can when we can.
!BBH
!PIZZA
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If measured in my version of U.S. Stable Coinage, Silver is at about 64 Cents, on its way to $9.00 per ounce, in Phase 1 of the Reset… I also know where Silver will go in Phase 2 and 3…
So where do you think it'll end up?
!BBH
!PIZZA
!ALIVE
The day will come when One Ounce of Silver will be worth Two Ounces of Gold… That comes to $180 in U.S. Stable Coinage… So, from 64 Cents per ounce to $180 when measured in my version of U.S. Stable Coinage…
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Congrats on your daily Ecency leaderboard quest, @bulliontools! Those silver charts definitely hint at an interesting breakout trend ahead.
Tipped with Ecency POINTS.