Silver long term monthly chart below. Observations:
1. Breakout from a massive 8 year bull flag now in play
2. This could be a half way bull flag, and if so, a measured move is to $150 area
3. Current price around $17, which means a potential almost 900% move higher from here, is possible longer term
4. Over the last 20 years only 3 BUY signals were generated: 2002, 2009 and 2016
Pan American Silver Corp (PAAS) is a good proxy for Silver. The breakout on the chart below for PAAS is saying it expects $Silver to move much higher, in the medium to longer term. In 2011 PAAS peaked at $50 $Silver. What price will PAAS be trading at with $150 $Silver price? At least 10 times higher, but probably a lot more than that.
What is needed now to build a bridge into the crypto world, is a silver backed crypto security token, which trades on a regulated exchange, so that the institutions can invest. Working on it. Watch this space.
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