Maharrey concludes that silver appears to be significantly undervalued compared to gold. With strong technical patterns and robust supply-demand fundamentals, silver is poised for a potential breakout.
Silver is vital in 5G infrastructure, used in antennas, connectors, and circuit boards to enable high-speed data transmission, minimize signal loss, and boost device power efficiency.
When you put the technical factors together with the fundamentals, there appears to be an extremely strong bullish case for silver with significant upside.
In order to get back to a wildly bullish set up in silver, the Managed Money traders et al. would have to be coerced/tricked into puking up long positions, or going short something in the order 31,000 ...
Support is now in the $28/29 region. As long as that holds, this set-up is projecting us to an ideal target between the $36.50-40 region in a very strong and relatively fast rally.
