Silver: Forecast Drop to $50
"Again, I think it hits this. I think it gets a bounce, but then I actually think we're going to go even lower to that $50 level."
ℹ️ In shortGareth Soloway predicts that the price of silver will drop to the $50 level, despite a short-term bounce.
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Full disclaimer… Why? Pivot high. Pivot high. Very simple. This is a mountain peak. This is a mountain peak. They both match up. That's going to be technical support. Now again, is that an amazing support level? No. Frankly, it's not. It is a support level, but there's varying degrees of support. And therefore, this is really important here, right? So, again, I think it hits this. I think it gets a bounce, but then I actually think we're going to go even lower to that $50 level. And again, folks, just a note here on that is I I always hear the rebuttal, well, you know, 50, it hit that in 2019. It hit that in 2011. You know, margin, you know, uh inflation adjusted, it should be way higher. I agree with you 100%. 110%. It should be way higher. But remember remember this rule. Short-term markets are ruled by emotion. Long-te …
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