Something BIG happened to silver this week. Due to certain positive indicators, I believe silver is now in a new Bull Market. It has been seven long years since the silver price was $23. And with the current momentum, we may see another leg higher this week.
In my newest video update, BIG CHANGE IN SILVER: New Bull Market, I explain these positive indicators why I see a big change coming silver. It was important for silver to break above the $18.50 monthly level before it would attempt to hit $21. Not only did silver reach the next critical $21 level, it also BLEW through it with flying colors.
In the video, I explain this chart and why this Silver Rally is different than the previous ones. In this chart, it shows the three different periods and how much silver increased in each. You have to watch the video to find out why the $3.60 move in silver this past week is much different than the past.
Silver investors have been very patient for the past 7-9 years, finally waiting for some life to come back into the metal. Silver’s breakout above $21 last week is very similar to Gold’s Breakout above $1,360 last year. It seems as if silver has finally joined the ride with gold. The next few weeks and months will be quite interesting, to say the least.
To find out more about investing in precious metals, check out this page: PRECIOUS METALS INVESTING.
About the author
Independent researcher Steve St. Angelo (SRSrocco) started to invest in precious metals in 2002. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored. These areas include how energy and the falling EROI – Energy Returned On Invested – stand to impact the mining industry, precious metals, paper assets, and the overall economy.
Steve considers studying the impacts of EROI one of the most important aspects of his energy research. For the past several years, he has written scholarly articles in some of the top precious metals and financial websites.
You can find many of Steve’s articles on noteworthy sites, such as GoldSeek-SilverSeek.com
WEBSITE: https://srsroccoreport.com/