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Is Silver going to be a Great Investment- $50 Target?
By Something About Finance  •  April 29, 2024
Contributed By: The Big Fat Whale In this article, we are covering the merits of investing in Silver. Will it be a great investment going forward? And will it revisit its peak of $50 established in April 2011? We touched on Silver as one of the first few articles on this website in March 2021. After the article, it has been range bound between $18-$25. In recent times the price action looks great for a potential breakthrough of their key resistance at $30, Hence, we decided to revisit our thesis and see if everything still firmed up nicely. Technical Analysis of Silver Source: TradingView The peak of Silver at close to $50 was established during the Hunt Brothers' short squeeze in 1980 and 2011. The price of silver is still far off the peak and Gold has already broken its all-time high- trading at around $2400 now. Source: TradingView Zooming in on the charts, this is the fourth time that SIlver has tested...
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By Something About Finance
Welcome to My Blog. Hoping to share and learn from others on finance related topics. Let's embark on the journey towards financial freedom. Currently, I am an appointed representative (Equities and Futures Broker) with an established brokerage firm in Singapore. I deal mainly with Equities, Futures and Forex.
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