It Has Been Decided: Silver Is Going Much Higher / Commodities / Gold & Silver 2020

By Hubert_Moolman / November 06, 2020 / www.marketoracle.co.uk / Article Link

Commodities

The currency markets have just announcedwhat is coming for silver. This was explained in my previousarticle.

The USD/ZAR ratio has now broken down. Thissets silver up to finish the year with a very strong rally:


Although silver has been strong since thepeak of the USD/ZAR ratio in April, this breakdown means that we are likely tosee an acceleration in price increases.

This breakdown also means that silver’s keybreakout is soon to follow:

A breakout would set silver up for theall-time high of $50, based on the flag-type pattern.

On this pitchfork previously featured, theprice is at an important battle for rights to move in the higher channel:

The path to $50 (possibly at the red line)has very little resistance. Dollarweakness is one of the main drivers for this setup.

Gold, silver and cryptocurrencies will feaston US Dollar weakness like hungry lions on weak prey.

What makes the current situation sosignificant is its position on the larger economic scale:

Silver is not just going to $50, but muchhigher.

For more on this, andsimilar analysis you are welcome to subscribe to my premium service. Ihave also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert

“And it shall come to pass, that whosoevershall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

© 2020 Copyright Hubert Moolman - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Recent News

Producers and junior gold both take a hit

June 10, 2024 / www.canadianminingreport.com

Palladium price reverts towards parity with platinum

June 03, 2024 / www.canadianminingreport.com

Lithium, palladium underperform major metals from April 2024

June 03, 2024 / www.canadianminingreport.com

Gold participated less in recent metals ramp up

May 27, 2024 / www.canadianminingreport.com

Gold stocks dip on metal price decline and flat small caps

May 27, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok