March 5th 2021, Silver Chartbook — Silver, don’t be fooled

Here are the facts why there is a higher likelihood for Silver prices to advance:

  • A lot of news items attract buyers. Silver is in the limelight.
  • Physical Silver prices trade up to 30% over the spot price.
  • We had a bullish twelve month period for Silver prices. Consequently describing the first leg of a trend. With a high probability of two more legs following.
  • We see money inflow into the precious metal sector as a whole. These are safe-haven seeking investments due to the threat of hyperinflation caused by unprecedented fiscal and monetary stimulus.
  • Possible highest ever physical delivery months within this year for Silver futures traded on the COMEX exchange.

Daily Chart of Silver in US-Dollar, Good support:

Silver in US Dollar, daily chart as of March 5th, 2021.

Gold in US-Dollar, Monthly Chart, Stacking Odds:

Gold in US Dollar, monthly chart as of March 5th, 2021.

Gold in US-Dollar, Monthly Chart, Silver, don’t be fooled:

Gold in US Dollar, monthly chart as of March 5th, 2021.

Silver, don’t be fooled:

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