Dear viewers, followers, silver lovers, reddit traders, all in one (we are together)
Thank you for taking your time to read the information, that i am sharing with you all for free and backed by available research on internet.
Firstly, i will take the credit of being the early retailer that get into SLV last year in april when prices were hovering around $14, you can go back on my tradingview profile to read that idea.
I understand i will be questioned for this, but i simply am just using publicly available information, my countless hours of study and reading history to back up my idea on SILVER LONG.
Here we go!
Silver has been manipulated both ends, that being said Silver has been manipulated when it was "short" and as well when it was "long". But why?
The answer to that made me dig deep in to silver history from 1980's to 2021.
Silver is globally used in industrial sectors, recently in the last 10 years it became an important element in Automotive and Technology. Jewellery market consumption for silver is relevantly low as Gold is highly consumed in jewellery market, apart then that Gold just sit under a tight vault in banks.
From 1994 (the year i was born), silver reserve metric (q) was around 420,000 MT, in which after 2 years it raised to 1,570,000 MT, a staggering rise in mining sector around mexico, peru, bolivia, china and the rest of total 59 countries that produces silver around the world. America has by far being the biggest importer for silver since 1990's ever since gold standards were lift off by President Nixon.
During the early rise of computer and dot com boom, Silver met a giant rise in year 2000 to 1,860,000 MT and right after 2 years it dropped down to 430,000 MT. Since year 2002, Silver never went back up in reserve above 600,000 MT, which means the last time we ever had a lot of Silver available for consumption was year "2000".
Fast forward today in 2021, Silver reserve has shrunk down to between 570,000 MT to the lowest 400,000 MT. (WHAT DOES THAT MEAN) take a guess!
We have been running short on Silver since year 2004, price remained super cheap for Silver as low we saw $12 per oz in 2020 to the higher of $48 per oz in 2011 during Obama tenure.
Why recently Reddit Community have been pulling strings on going Long on Silver? Because historically it doesn't make any sense for the 15-1 ratio btw SLV & GOLD.
Meanwhile Gold remains all time high at $2075 in 2020 and Silver at $30 (2021)
Why is SILVER CHEAP? when other commodities are expensive?
Take a good guess?
From technical point of view, we have seen strong price manipulation since 1st of february 2021 when reddit pumped in over $230 million of contracts and hit new highs, and right after that it was dumped in the same direction by big banks, it could be JP Morgan or Someone out there leasing silver to private institutions for dumping (aka short squeeze). I HATE THIS GREEDY MOVE but theres nothing we can do about it, they are scared that we are all notbaly understanding the undervalued precious metal. This will EXPOSE everything about everything!
CURRENTLY ONLY 500,000 MILLION OF SILVER IN RESERVE IS AVAILABLE! (SUPPLY CHAIN) was over since 2004, but banks purposely kept the value for silver low (idk) for what BS reason.
The law of supply/demand that was stamped by Buffet in early 90's, Buffet was super big on SLV but until he found timid pressure, he had to sell off his positions. BUFFET WAS BIG SINCE 90'S.
"NUMBERS DON'T LIE" BUT THE BANKS CAN LIE
There's so much i can share about Silver, but i guess for that we will have to keep the conversation private.
Feel free to reach out to me, if you believe in Silver and it has been manipulated!
SILVER LONG
Entry: $25-$26
SL: $23.5-$24
TP1: $30
TP2: $32
TP3: TO THE MOON! ($100-$300) per oz
TP4: WEALTH FORVER (IM SURE YOU KNOW WHAT I MEAN)
Thank you for taking your time to read the information, that i am sharing with you all for free and backed by available research on internet.
Firstly, i will take the credit of being the early retailer that get into SLV last year in april when prices were hovering around $14, you can go back on my tradingview profile to read that idea.
I understand i will be questioned for this, but i simply am just using publicly available information, my countless hours of study and reading history to back up my idea on SILVER LONG.
Here we go!
Silver has been manipulated both ends, that being said Silver has been manipulated when it was "short" and as well when it was "long". But why?
The answer to that made me dig deep in to silver history from 1980's to 2021.
Silver is globally used in industrial sectors, recently in the last 10 years it became an important element in Automotive and Technology. Jewellery market consumption for silver is relevantly low as Gold is highly consumed in jewellery market, apart then that Gold just sit under a tight vault in banks.
From 1994 (the year i was born), silver reserve metric (q) was around 420,000 MT, in which after 2 years it raised to 1,570,000 MT, a staggering rise in mining sector around mexico, peru, bolivia, china and the rest of total 59 countries that produces silver around the world. America has by far being the biggest importer for silver since 1990's ever since gold standards were lift off by President Nixon.
During the early rise of computer and dot com boom, Silver met a giant rise in year 2000 to 1,860,000 MT and right after 2 years it dropped down to 430,000 MT. Since year 2002, Silver never went back up in reserve above 600,000 MT, which means the last time we ever had a lot of Silver available for consumption was year "2000".
Fast forward today in 2021, Silver reserve has shrunk down to between 570,000 MT to the lowest 400,000 MT. (WHAT DOES THAT MEAN) take a guess!
We have been running short on Silver since year 2004, price remained super cheap for Silver as low we saw $12 per oz in 2020 to the higher of $48 per oz in 2011 during Obama tenure.
Why recently Reddit Community have been pulling strings on going Long on Silver? Because historically it doesn't make any sense for the 15-1 ratio btw SLV & GOLD.
Meanwhile Gold remains all time high at $2075 in 2020 and Silver at $30 (2021)
Why is SILVER CHEAP? when other commodities are expensive?
Take a good guess?
From technical point of view, we have seen strong price manipulation since 1st of february 2021 when reddit pumped in over $230 million of contracts and hit new highs, and right after that it was dumped in the same direction by big banks, it could be JP Morgan or Someone out there leasing silver to private institutions for dumping (aka short squeeze). I HATE THIS GREEDY MOVE but theres nothing we can do about it, they are scared that we are all notbaly understanding the undervalued precious metal. This will EXPOSE everything about everything!
CURRENTLY ONLY 500,000 MILLION OF SILVER IN RESERVE IS AVAILABLE! (SUPPLY CHAIN) was over since 2004, but banks purposely kept the value for silver low (idk) for what BS reason.
The law of supply/demand that was stamped by Buffet in early 90's, Buffet was super big on SLV but until he found timid pressure, he had to sell off his positions. BUFFET WAS BIG SINCE 90'S.
"NUMBERS DON'T LIE" BUT THE BANKS CAN LIE
There's so much i can share about Silver, but i guess for that we will have to keep the conversation private.
Feel free to reach out to me, if you believe in Silver and it has been manipulated!
SILVER LONG
Entry: $25-$26
SL: $23.5-$24
TP1: $30
TP2: $32
TP3: TO THE MOON! ($100-$300) per oz
TP4: WEALTH FORVER (IM SURE YOU KNOW WHAT I MEAN)