Saturday , 10 June 2023

Believe It Or Not: Silver Is Going To $100/ozt – Here’s Why

Silver appears to be very close to an even bigger move higher…that will likely take prices to all-time highs.

Below, is a long-term Silver chart:

Note that price has broken abovNote in the chart above that price:

  • has broken above the the 50-month moving average, and consolidated above the line…
  • As long as prices stay above that 50-month moving average, the bull is very much alive, and this could still be so for a very long time to come.
  • It will be nothing special for it to reach a minimum target well above $100.
  • Furthermore, there is a type of cup-and-handle pattern which has a log target that suggests prices could possibly hit $700. Even hitting this seemingly high level, would be nothing out of the ordinary given the type of setup, when compared to how bull markets commonly unfold.

The big question, however, is how fast can it reach that target?

Nevertheless, those who now take the enormous stock market profits by selling out, and buying silver, will be the big winners, especially if they can ride it up close to the target of the cup-and-handle pattern.

Editor’s Note:  The above excerpts from the original article by Hubert Moolman have been edited ([ ]) and abridged (…) for the sake of clarity and brevity.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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One comment

  1. Hi Mr Lorimar Wilson,

    I love your simplistic and user-friendly approach. I especially love the quality and shock factor potency of your articles, the layout, the whole package. Great work
    Sorry to hear you have been thrust into a position to make the tough decision of hanging up the boots Lorimar but your health and family time take priority as you are well aware. Lorimar congratulations on a successful career and reputable product and relax fulfilled and enjoy yourself and family.
    I already know your greatest concern. I can smell it. My empathy cuts deep and we happen to be very like-minded ( right down to article style). Who can possibly replace you?
    I can, and i will hold the fort, and munknee is safe under my watch. We go from strength to strength
    I study the market for 16-20 hours daily. No human on planet earth matches my passion. (ok Lorimar you cannot be denied of a close second) lol
    Now i am a 46 year old Australian National living in Thailand, professional full-time trader, natural grasp of literacy, punctuation and grammer. My English grades at school? — straight A’s, and my favourite subject alongside Geography. I have a natural flair with expression. I have good layout skills, i summarise, I prioritise (no garden path of irrelevance or boredom) I hard hit the punchline, I keep simplistic ( less is more) in user-friendly style. A replica of yourself.
    Its actually ridiculous. We will laugh about this. As for research, i do it anyway. I am also smart, independent, respected, honest, reliable, true and a good judge of markets and geopolitical factors effects on markets.
    If i had to pick a specialty of interest and knowledge i would say Central Bank agenda & motivation, major fiat currency supply and velocity, Bank liquidity and solvency and the trail of gold…
    I will fly to Canada pronto if you are keen? Sold. Rest assured your baby will be nurtured. Lol.

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