Do you know how many people and traders have said that exact phrase in history,, And are all of them rich and successful...trading is much more complicated and dynamic than just indicators flashing colors like a game show....Monkey ape gorilla see green press Buy....Monkey ape gorilla see red press Sell button And don't watch youtube social media....it's complete shit. The only people there getting rich are the content creators, while all the viewers get dumber and poorer TimerHumbleMarket
I still own options on SLV but it has done terrible vs Gold or even Copper. As Gekko said in Wall Street, it's a dog with fleas. The miners are a better play (SIL).
Silver has a higher beta relative to gold so as expected it was up almost 5.5% today to Gold 2.8% or so. IMO its hard to say if this is a breakout or not - except in retrospect. Safe haven plays, as this is currently, can be fickle. Especially with the guy in DC one second to the next WTF!!!!!!!!
Old / outdated / snail-pace videos. It started moving up since 5 weeks ago. Silver futures went up from 27.5 to 35 (30% increase) in just 5 weeks. Now it is approaching resistance band. Don't watch old / outdated / snail-pace videos. Watch new / responsive / fast-pace videos which are rare.
Canadian Silver and Copper miners have been a great place to be for months. The Trump Liberation/Tariff day really slammed a lot of them, but the prices after that day created another great entry point. That being said, we may be late cycle on Silver unless a special rally occurs. This doesn't negate the opportunity though in small and mid caps that are trending strongly if they reported well last quarter ( and some did extremely well ). I would suggest that longer term Copper may be the better bet less spikey, but Silver could be a monster winner for short run at some point. Or not. Which is why I like buying miners that are highly profitable at $30 an ounce proven. I agree that Silver is badly lagging Gold and it has been known to spike hard occasionally in these situations. Have to be nimble to trade it though if that occurs. Next earnings cycle is going to be really good if Silver simply holds recent range. I missed some profits by underestimating how many of them turned profitable last quarter, but jumped in hard since and it's really worked out.
The Canadian stocks are lagging the Silver move but earnings reports from last quarter were really good meaning Q2 could be even better in some cases. I'm seeing moves not dissimilar to what Oil stocks did in 2021 and that ended up being a really lucrative trade.