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Friday, June 30, 2023 9:56:25 PM
Look at this chart, look at the 3 year chart in case it is not already set to it:
https://www.marketwatch.com/investing/index/djia?mod=home-page
Then take a look at the 5 year silver chart here:
https://www.bullionvault.com/silver-price-chart.do
Lay one over the other. Look at the similarities. Remember that they also have some sort of algorithm that manages the price of silver. When the market tanks, so does silver. Notice the big dips in the Dow between June and Oct of '22. Compare those months to the dips in silver of last year.
Aside from that market crash the price of silver over the last 3 years has been in a sideways pattern from July 2020 till now. It bounces between 26,28 and 21,22.
I am simply looking at the averages over the last 3 years. 18 was an anomaly. 30 from the silver squeeze was an anomaly.
So unless we have some sort of event like a market crash I think silver will continue its sideways trend. Channeling between 26,27 and 21,22 dollars.
It's not a perfect science because I am not positive exactly what they are using to manipulating the price for algo's (Dow, Oil, the dollar, SLV) nor do I know what their books look like. But I believe it is safe to say it will continue to track sideways until they allow it to rise again for an inflation adjustment. Last time they ran it sideways from '14 to '20 in the trading range of 14,15 to 18,20 dollars. 6 years of that before they were nice enough to give us a raise. LOL We are 3 years into the new channel.
So that is all I am basing my predictions on. History and delivery month fluctuations.
Also look at the 3 year chart here:
https://www.marketwatch.com/investing/index/dxy
But flip this one upside down.
https://www.bullionvault.com/silver-price-chart.do
Oct of '22 the dollar index spiked and the price of silver dumped.
I think that is part of the algo. As the dollar rises the metals fall.
Again I am not positive exactly how they have this pegged. But I do recognize patterns.
A Democracy is 2 wolves and a lamb arguing what's for dinner. In a Constitutional Republic the lamb is armed. We live in a Constitutional Republic.
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