Sunday, October 25, 2020

Tag: SILVER PRICE 2019: Is This The Year For A New Bull Market?

SILVER PRICE 2019: Is This The Year For A New Bull Market?

by Steve St. Angelo, SRSRocco Report:

After waiting for seven years since the silver price traded above $30, precious metals investors are wondering if 2019 will be the year that shiny metal finally enters into a new bull market.  However, for silver to enter into a new bull market, certain signs and indicators need to take place.  I discuss this in detail in my latest video.

Interestingly we have seen several precious metals analysts suggest that something quite interesting is taking place in the silver market.  For example, Alasdair Macleod wrote an article; A Whale Is Accumulating Silver Futures, implying that the Chinese government may indeed be acquiring a significant long position in the silver market. Macleod believes China may be going long silver, via the futures market, to protect its supply by hedging as the price heads higher in the future.