One might spend years studying trends in the solar industry, or investor appetite for silver versus competing asset classes, all in an attempt to identify turning points for silver itself….
Relative to other instruments in the metals asset class, silver ranked 2nd since the day prior in terms of percentage price change.
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Price action traders in particular will want to note that the 90 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
Or to view things another way, note that out of the past 30 days silver’s price has gone up 16 them.
Out of the 5 instruments in the metals asset class, silver ended up ranking 2nd for the day in terms of price change relative to the previous day.
Or to view things another way, note that out of the past 10 days silver’s price has gone up 5 them.
For another vantage point, consider that silver’s price has gone up 16 of the previous 30 trading days.
Paper silver price to see a 3 bagger w/in 9 months due to myriad reasons imo.
The gold-to-silver ratio increased from about 40x at the start of the decade to almost 100x by the end of the decade.