Recently, Gold and Silver have somewhat stalled after a fairly solid upside price trend in April and May 2021. Looking at the longer-term Weekly Silver chart, we believe Silver is ready to pounce with a big move higher.
The second half of 2021 will welcome BASEL III (likely) and a renewed focus by the US Federal Reserve (and Global Central banks) working to contain inflationary aspects of the recovering global economy while also attempting to support continued growth objectives. I believe precious metals, in particular – Silver, have shown a very unique “Accumulation Phase” over the past 12+ months that may lead to a big upside breakout rally when it breaches the $28.50 level.
SILVER WAITING FOR THE OPPORTUNE MOMENT TO POUNCE – ARE YOU READY?
This Weekly Silver Futures chart highlights the On Balance Volume Accumulation Phase as well as our price cycle analysis suggesting Silver is stalling just below resistance near $28.50. My team and I believe the new upward cycle phase, in addition to the massive Accumulation taking place, suggests that Silver is currently lying in wait – ready to pounce on a big upward price trend once the $28.50 level is breached.
“Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.”-Note from Dudley
WALL STREET SMART MONEY IS ACCUMULATING PHYSICAL SILVER AHEAD OF NEW BASEL III REGULATIONS AND PRICE EXPLOSION TO $44 AN OUNCE
Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.
E.B. Tucker with Casey Research recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.
“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”