• 658 days Will The ECB Continue To Hike Rates?
  • 659 days Forbes: Aramco Remains Largest Company In The Middle East
  • 660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,060 days Could Crypto Overtake Traditional Investment?
  • 1,065 days Americans Still Quitting Jobs At Record Pace
  • 1,067 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,070 days Is The Dollar Too Strong?
  • 1,070 days Big Tech Disappoints Investors on Earnings Calls
  • 1,071 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,073 days China Is Quietly Trying To Distance Itself From Russia
  • 1,073 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,077 days Crypto Investors Won Big In 2021
  • 1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,078 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,081 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,084 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,085 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,085 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,087 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Mary Anne & Pamela Aden

Mary Anne & Pamela Aden

Mary Anne and Pamela Aden are internationally known analysts and editors of The Aden Forecast, a market newsletter providing specific forecasts on gold, gold shares…

Contact Author

  1. Home
  2. Markets
  3. Other

Silver is a Special Metal

It always has been. And on a value basis, it's also a good buy. Silver has been chugging more than gold but once it pops up, it could take off like a bandit.

There are many reasons why silver will go higher and it's just a matter of time. And as our dear friend Richard Russell points out, JP Morgan is aggressively accumulating physical silver by the hundreds of millions of ounces.

This is the largest accumulation of physical silver by a private entity in history!

Plus, it's three times the 100 million ounces acquired by the Hunt Brothers in 1980 or by Warren Buffet in 1998.

Some of you may remember when the Hunt Brothers tried to corner the silver market at the peak in 1980 when silver soared to the $50 level. It was a wild moment. And today is even more wild.


Headed Higher

JP Morgan obviously thinks silver is going up, and we do too. We think your patience today will be well rewarded in a future rise.

Alan Greenspan also believes gold will be considerably higher in the years ahead. So it's not only central bankers who are looking ahead. Others are too.

Chart 1 shows silver close up since 2013. It has steps, like gold, as you can see. Keep an eye on these levels as they'll tell the story.

Silver Steps

First of all, it's important for silver to continue holding above its seven month support at $15.40. If it then rises and stays above both its old 2013 support and 65 week moving average at $18.50 and $18.20, it'll start on a bullish path.

Silver could then jump up to the $22 -$24 levels, its next step. By then, it could clearly test the $30, which would be the following step.

The bottom line is, silver has great potential and it appears to be leading the other metals.

 

Back to homepage

Leave a comment

Leave a comment