I analyzed silver vs money supply, Is it worth holding?
33 is the ceiling for now for silver.
To reach the 2011, we need to see 100-120 per ounce to reflect the current money supply.
55-60 per ounce might seem like new highs, but its not when accounting for the money supply in existence now vs then in 2011.
Significant percentage Dips below the 200 day moving averages are attractive over time.
Taking partial profits along the way in small percentages to reduce risk and reduce cost basis is also attractive.
Goal should be to end up with zero capital at risk and end up with free metal as currency hedge long term.
To reach the 2011, we need to see 100-120 per ounce to reflect the current money supply.
55-60 per ounce might seem like new highs, but its not when accounting for the money supply in existence now vs then in 2011.
Significant percentage Dips below the 200 day moving averages are attractive over time.
Taking partial profits along the way in small percentages to reduce risk and reduce cost basis is also attractive.
Goal should be to end up with zero capital at risk and end up with free metal as currency hedge long term.
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