My beloved asset of them all - $SILVER.
First of all, where are the smart-asses who said it was finished when the price was simply going through a textbook correction after hitting the ATH of $54.6 three and a half weeks ago?
I canโt seem to find them anywhere now - awkward. Weโre back above the $50 mark, and I expect this multi-decade former rejection level to flip into solid support.
The final WAVE (5) is in motion, targeting $59.7, $68.5, and potentially even higher. I see far more upside in silver than in gold, and Iโll post about the silver/gold ratio separately soon - itโs fascinating how undervalued silver remains historically.
The DAILY chart has stayed ultra-bullish and looks ready to keep printing. I wonโt be selling my physical silver anytime soon, and for my leveraged (10x) positions, those WAVE 5 targets serve as my temporary take-profit levels.
The orange box on the chart marks a solid - though slightly late - entry zone. The 50 MA (yellow line supporting the box) is where Iโve set an alert; if price crosses below it, Iโll re-evaluate the setup.
So far this year, itโs hands down been my best-performing asset. The silver bullet train doesnโt stop - and it wonโt stop anytime soon. Hard assets season. Hard-assets supercycle.
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