Interesting. If gold goes down, so does silver. Usually. Silver is lately trading at range where miners are not making money and it shouldn't be sustainable. If silver goes few more dollars lower, I wouldn't be surprised seeing some miners stop production. If that would happen I would guess it would be a final flush before a buy for a very long time. I will be watching.
Disclaimer, I'm silver bull :-) I'm holding some physical silver and I will just keep it for a few years... :-)
That's what was also said with BTC and Alt coins, however those phasic sentiment patterns are changing...
Also fundamental difference between gold and silver, is gold being recognised as a store of value (...or at least it DID to a crypto enthusiast), whereas silver is also considered a valuable resource which is in demand (by car manufacturers etc..) very similar to BTC and Alts... IMHO
There is an e wave up for the bear flag. After that completes, wave 3 down could be next.
Interesting. If gold goes down, so does silver. Usually. Silver is lately trading at range where miners are not making money and it shouldn't be sustainable. If silver goes few more dollars lower, I wouldn't be surprised seeing some miners stop production. If that would happen I would guess it would be a final flush before a buy for a very long time. I will be watching.
Disclaimer, I'm silver bull :-) I'm holding some physical silver and I will just keep it for a few years... :-)
That's what was also said with BTC and Alt coins, however those phasic sentiment patterns are changing...
Also fundamental difference between gold and silver, is gold being recognised as a store of value (...or at least it DID to a crypto enthusiast), whereas silver is also considered a valuable resource which is in demand (by car manufacturers etc..) very similar to BTC and Alts... IMHO
Really doubtful of the super massive down, i mean $764 is like...we still couple of strong supports way before the 700$ range ..
Could take years if you look at the chart.