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It Has Been Decided: Silver Is Going Much Higher

Commodities / Gold & Silver 2020 Nov 06, 2020 - 04:38 PM GMT

By: Hubert_Moolman

Commodities

The currency markets have just announced what is coming for silver. This was explained in my previous article.

The USD/ZAR ratio has now broken down. This sets silver up to finish the year with a very strong rally:


Although silver has been strong since the peak of the USD/ZAR ratio in April, this breakdown means that we are likely to see an acceleration in price increases.

This breakdown also means that silver’s key breakout is soon to follow:

A breakout would set silver up for the all-time high of $50, based on the flag-type pattern.

On this pitchfork previously featured, the price is at an important battle for rights to move in the higher channel:

The path to $50 (possibly at the red line) has very little resistance. Dollar weakness is one of the main drivers for this setup.

Gold, silver and cryptocurrencies will feast on US Dollar weakness like hungry lions on weak prey.

What makes the current situation so significant is its position on the larger economic scale:

Silver is not just going to $50, but much higher.

For more on this, and similar analysis you are welcome to subscribe to my premium service. I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report.

Warm regards,

Hubert

“And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

© 2020 Copyright Hubert Moolman - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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