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iShares Silver Trust
Oct 19, 2024
This Silver Bull will take longer than most expect.
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I don't see a top for probably a decade or more.
Could I be wrong?
Sure!
But I think there's ALOT of stackers who started in 2011 who bought the $500 sales pitch who are wore out.
Before I knew how to ChART, that was me. But I never was scared of loss. Once I lost half I bailed.
I think there's a lot of trouble over head. Physical is a slower asset to deal with. Very cumbersome to sell etc.
Time will tell if I am right. $33 is where I see this current move ending around Christmas.
Small pullback to $30 and a run to $35 in the summer of 2025.
Then an ABC into 2026 ending around $27.50 the summer of 2026.
Then a run into Spring 2027..
Or the blue line happens and goes straight to target.
Time will tell the tale.
ChARTs1440
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