Is Silver About To Have a Massive Breakout? - 30 USD
On the 4 Hourly we are seeing a massive Inverse Head and Shoulders pattern.
I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time.
Stay tuned for long-targets, as we see this breakout accour.
Fundamentals:
I believe that the inflation data by the FED minutes, is going to send Silver to breakout from the downtrend it has been on for some time.
Stay tuned for long-targets, as we see this breakout accour.
Fundamentals:
- Mine production from primary silver companies also fell last year, by 3.8%. It, too, is expected to drop by double digits this year.
- The ten largest silver countries have produced 12% less silver just since 2016.
- Supplies of recycled silver have fallen by 28% just since 2012.