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Saturday, May 18, 2024 8:16:43 AM
The convincing break through $30 silver we saw yesterday is very encouraging and IMO sends a signal that this is the time we should see higher silver prices at least in the short run. I believe this is overall market froth. We also just broke through the 40K mark in the Dow. That's an all-time high, so the PM's are following this over-bought market higher IMO. This is not market fear, but market FOMO.
When the air finally comes out of the balloon is anyone's guess, but what we're seeing in the stock market now can't go on indefinitely.
https://www.kitco.com/news/article/2024-05-17/silver-price-makes-move-above-30-analysts-say-its-just-getting-started
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