My fellow Steemians,
Silver prices are breaking out as you can see in the chart below from Crescat Capîtal.
The silver price is currently showing a similar pattern to that of the March-June 2019 period. But, eventually, the silver price managed to break out in June and that led to a hefty price rally at the time.
In the period June-September 2019, the silver price rose from under $ 15 to almost $ 20.
And this impressive price rally ensured that the silver mine shares also increased considerably in value in a short time.
As the silver price managed to break the resistance line again during the past week, we can start preparing again for a new price rally. And in that case it is better for investors to be on time. After all, everything can go pretty fast within the silver market.
The silver price should make a symmetric move of about $5 from about $17 to around $22 during the next move higher!
Thank you for reading!
https://slimbeleggen.com/trends/breekt-er-een-nieuwe-prijsrally-aan-bij-de-zilverprijs/
