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Re: gfp927z post# 1639

Wednesday, 04/03/2024 1:42:20 PM

Wednesday, April 03, 2024 1:42:20 PM

Post# of 1643
>> silver <<

Silver also coming to life :o) Looking at the SLV chart, as with gold there is a quasi 12 year cup + handle (bullish), with the 3 year 'cup' having a quasi inverted head + shoulders (also bullish). It's much less classic than on the gold chart, but is easier to see now that silver is climbing. Also the 'neckline' on the silver chart is sloped, where gold's is flat and thus more 'classic'.

Anyway, looks like silver is playing catch up to gold. There is also a potential motivation for price suppression with silver, since it represents a key input cost for solar panels. Therefore keeping silver prices lower helps keep solar cost competitive with traditional types of energy. Not sure how much price suppression of silver has been going on in recent years, but like gold. it does seem to have peculiar 'smack downs' at times.



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