Click here to get this article in PDF
Clive P. Maund
“With hyperinflation looming, silver has to be one of the best investments of these times, especially as it leverages gold’s gains. This Summer saw a spectacular high volume breakout from the giant base pattern that had been forming for years, as we can see on its latest 13-year chart, which is hardly surprising considering the Fed’s white hot money creation. The breakout triggered a sharp runup that resulted in silver becoming heavily overbought in a zone of quite strong resistance, hence the reaction since early August which is setting it up for the next big run.”
USAGOLD note: Last week we posted Clive Maund’s latest gold forecast. Here is what he has to say about silver – minor dip possible before 2nd up leg starts ……
Chart courtesy of CliveMaund.com • • • Click to enlarge
Repost from 10-26-2020
The post Silver market update first appeared on Today’s top gold news and opinion.