Silver’s breaking out of a multi-year consolidation?

28 ต.ค.

Silver’s breaking out of a multi-year consolidation? Sure, the charts are giving you that breakout signal—a classic rounding bottom pattern. It’s a textbook setup. But I’m telling you right now, don’t get pulled into the hype.

Silver isn’t your safe haven; that’s Gold’s job. When the world’s a mess, people don’t run to Silver. They run to Gold. Silver thrives when the global economy is expanding, when there’s industrial demand driving it. But let me remind you where we are: recession fears, global instability, geopolitical tensions. None of that screams “strong economy” to me.

You’re not betting on Silver breaking out of a chart pattern—you’re betting on a world that’s heading into turbulence. And the world today isn’t sending the message that industrial demand for Silver is going to boom anytime soon. So, unless you think we’re suddenly going to shake off all this uncertainty, you’re just gambling on hope.

Right now? The market doesn’t justify Silver. Gold is your shield when the storm hits. Silver? Not so much.