iShares Silver Trust (SLV)

[AlwaysRed]

We'll see. Tough to predict right now. With interest rates leveling out. That means the dollar will begin to fall. Look at what Powell's remarks today did to the dollar:

https://www.marketwatch.com/investing/index/dxy?mod=home-page

And we know that the lower the dollar goes the higher that the metals go. So in order to combat the rising price of the metals due to the dollar falling they will need to really up their game here:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

And the last 2 days they have really cut back on SLV creation.

They only have 2313 deliveries left to fill for Dec and then there are no more deliveries until March. Between Dec and March is the time we see the most appreciation in metal prices for just that reason.

They are not SMASHING the price as much because they don't have to get the price lower for delivery fulfillments.

So for the next few months I will be watching closely. we know that prior to march deliveries they will need to get the price back under control and they will do that in Feb.

I know that we all recognize the sideways trend that has been in place over the last 15 years between 20 and 26. Will they keep it there or will they raise the bottom and allow a 30 dollar top and 25 bottom?

So there are factors. The dollar strength being one of them. And when they start to cut rates the dollar will tank.

Because of the fact that they have raised rates for over 3 years now there are stocks that have been decimated. Real estate stock being one sector. If I were a investor, and I am, I would be looking at interest sensitive stocks. Banking sector and real estate. Example. SLG. Look at what that real estate stock has done just today since Powel's remarks. I would assume that stock will double as they begin to cut rates.

So silver will obviously will still be under total control. But will they keep it between the 20-26 range? Or will they raise it to 25-30? Either way, it is nearly time to short SLV