Why should investors look to silver now?
*In Yahoo Finance, By Chris Vermeulen, May 10, 2020
“The Big Move In Silver May Be Breaking Out Right Now
For many years now, metals traders and enthusiasts have been patiently waiting for the move in silver that we feel it’s eventually going to happen.
There is almost a ritual process in the metals market that takes place when a crisis happens. We’ve written about this in a past article and we’ve highlighted how we believe Silver is one of the absolute best opportunities if/once it breaks out. It goes something like this…
A. Silver is often an overlooked “little cousin” to other precious metals like Gold and Platinum. Many traders would rather trade/acquire Gold vs. Silver.
B. When a crisis begins to happen, both Gold and Silver tend to collapse initially as the shock to the markets translates into sales of precious metals to improve cash/margin requirements.
C. As the crisis continues to unfold, Gold will typically begin a sustained upside price move over many months where Silver may move very little to the upside. This creates a massive peak in the Gold to Silver ratio.
D. Then, suddenly Silver starts to rally upward faster than Gold and the Gold to Silver ratio begins to collapse. Gold continues to move higher throughout this process, but Silver is already rallying much stronger than Gold.
This is the breakout move in Silver that we believe may be happening right now and may continue for many months or years into the future.”
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.