Silver Eats Doubt For Breakfast

Gaining certainty about a clear picture of the future is getting more complex by the minute. Data arrives of never-seen occurrences that make it seemingly impossible to know how everything will pan out. President Biden demands higher taxation of the rich and a minimum wage of US$15. News about Silver market manipulation introduces fear into this market sector. Janet Yellen spoke of inflation. Many are talking about a possible hyperinflation. Others however are pointing towards the “Japanization” of America. On top, a recent New York Times headline reads: “Reaching herd immunity is unlikely in the U.S.”. All this noise is creating more confusion and pressure instead of clarity. The good news is: You do not need to know how the future unfolds to preserve your wealth. And Silver eats doubt for breakfast.

Silver prices will continue to rise. Why are we so sure about this? Unlike most who try to gain clarity about how the future might look like, we instead eliminate all scenarios where Silver prices wouldn’t be rising. Even if you are not a specialist in trading fundamentals, by now, it intuitively feels just wrong that central banks put this much freshly printed currency into circulation. Historically, precious metals are the most common safe haven in times of trouble and doubt. This will be no different this time around.

Silver in US-Dollar, Weekly Chart, Last weeks chart:

Silver in US-Dollar, weekly chart as of April 29th, 2021.

Silver in US-Dollar, weekly chart as of April 29th, 2021.

In last week´s publication, we posted the above chart with this comment:

“We identified the slightly higher probability of prices to advance immediately since we overcame a distribution zone marked with a dark green horizontal line, which now serves as support.”

…and spot on we were:

Silver in US-Dollar, Weekly Chart, Like we hoped:

Silver in US-Dollar, weekly chart as of May 6th, 2021.

Silver in US-Dollar, weekly chart as of May 6th, 2021.

While these weekly charts might appear somewhat similar, something significant has happened. The following the daily chart shows this more clearly.

1 2
View single page >> |

Disclaimer: All published information represents the opinion and analysis of Mr Florian Grummes & his partners, based on data available to him, at the time of writing. Mr. Grummes’s ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.