Silver possible scenarios from technical analysis
I'm very bullish on Silver and i expect it to get it 50$ but how long it will take, i can't tell, if your investing in physical, just buy it whatever the prices is now,
but for day trading and short term swing, this is my analysis and potential scenario, i don't even know how this thing havent skyrocketed yet, fundamental wise, it's as valuable as gold hedging wise but even more since it's very needed as a conductor since silver is the best, and with AI and electrical vehicle and potential war coming, should have been booming, specially that historical wise gold silver ratio was 1:30 but now it's almost 80, maybe big banks are short or manipulation or whatever, anyway, that's my two potential different scenario on silver,
white arrow is to see clearly how indecisive the silver path was, green arrow is the bullish scenario, and red arrow is the bearish scenario, i wish you the best!
but for day trading and short term swing, this is my analysis and potential scenario, i don't even know how this thing havent skyrocketed yet, fundamental wise, it's as valuable as gold hedging wise but even more since it's very needed as a conductor since silver is the best, and with AI and electrical vehicle and potential war coming, should have been booming, specially that historical wise gold silver ratio was 1:30 but now it's almost 80, maybe big banks are short or manipulation or whatever, anyway, that's my two potential different scenario on silver,
white arrow is to see clearly how indecisive the silver path was, green arrow is the bullish scenario, and red arrow is the bearish scenario, i wish you the best!
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