Silver confirmed a breakout when it closed over $30. So, this appears to be test of the breakout zone. But a test of the 50-day MA near $28.70 can’t be ruled out.
Maharrey says: "Silver has historically outperformed gold in a gold bull market, so if you're bullish on gold, you should be even more bullish on silver."
Lin projects we could see silver surpass the record of $50 an ounce very quickly. And even if we don't see record prices in the coming months, the outlook for silver is positive.
Rubino states gold could soar to $5,000-$10,000 an ounce and silver to $200-$300, as the current bull market is just beginning against a flawed global financial system.
Silver peaked at $32.75, fell to $30.24, rose to $32.51, and dropped again to $30.44. Testing under $30, the breakout point, is possible. Strong support is evident down to $28.
Louisiana’s sound money bill simply affirms that “any gold or silver coin, specie, or bullion” issued by the United States government is considered legal tender whenever voluntarily agreed upon by both parties to a contract.
The Supreme Court upheld the state's right to maintain its own charter and allow state banks to issue gold-backed currency, bypassing the Federal Reserve's corporate system.
Over the past six months, Silver demand has shown a clear trend: aerospace and military sectors are the top consumers, with solar energy trailing in a distant third place.
