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Climb Aboard! Silver Should Run Up To $38 In Next 30 Days

Commodities / Gold and Silver 2021 Jul 13, 2021 - 07:57 AM GMT

By: Lorimer_Wilson

Commodities

The U.S. Dollar recently corrected upward but now appears ready to continue its move downward and this should light a fire under the price of Silver and see it undergo a 30-day run to around $38 per troy ounce as illustrated in the chart below. 


Conclusion

  • There is a regular cycle for Silver to rise that starts now and extends until August 11th.
  • The last time that Silver entered that cycle was last year when Silver went from $18 to $30.
  • If we have a similar run this time round we could see Silver go up to around $38.
  • Such a move in Silver would have a similar effect on the price of Gold which will be addressed “as the Dollar falls.”

The above is a revised version of an article submitted to munKNEE.com by Goldrunner. Below are links to his other recent – and still timely, articles:

Lorimer Wilson is editor of www.munKNEE.com (Your Key to Making Money!), publisher of a daily FREE Financial Intelligence Report which can be subscribed to here and a frequent guest contributor to www.PreciousMetalsWarrants.com which also offers a FREE newsletter (sign up here) and a subscription service (see details here).

Disclaimer: Please understand that the above is just the opinion of a small fish in a large sea.  None of the above is intended as investment advice, but merely an opinion of the potential of what might be.  Simply put:

The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.


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


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