By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > Markets > Here’s The Key Level That Silver Needs To Break
Markets

Here’s The Key Level That Silver Needs To Break

News Room
Last updated: 2023/04/30 at 8:03 PM
By News Room
Share
2 Min Read
SHARE

After surging in 2020, silver has struggled to continue its price momentum. Though it is still 40% higher than it was before the pandemic started, the precious metal has meandered in directionless trading for the past few years. This trading range has created a resistance zone overhead from $26 to $30. If silver can close above that zone with healthy trading volume, that would signal that another bullish phase has likely begun.

The longer-term chart shows how the $26 to $30 resistance zone has created a price ceiling in silver since 2020. If silver can finally break out, there is a high probability that it will attempt to gun for its 2011 high of approximately $50 per ounce.

Despite silver’s tepid performance over the past few years, it is one of my favorite investments due to its undervaluation relative to gold and how I expect it to perform in the coming economic downturn. The next economic downturn will most certainly be countered by more money printing, lower interest rates, and the accumulation of even more debt, which are all positive developments for gold and silver.

Please add me on Twitter and LinkedIn to follow my updates and economic commentary.



Read the full article here

News Room April 30, 2023 April 30, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
How ASML Makes Chips Faster With Its New $400 Million High NA Machine

Watch full video on YouTube

Spanish grid operator faults big power plants in blackout blame game

Stay informed with free updatesSimply sign up to the EU energy myFT…

Copart, Inc. (CPRT) Q3 2025 Earnings Conference Call Transcript

Copart, Inc. (NASDAQ:CPRT) Q3 2025 Earnings Conference Call May 22, 2025 5:30…

Trump’s tax bill triumph could be a poisoned chalice for Republicans

Donald Trump has moved a big step closer to fulfilling a key…

G7 ministers threaten more sanctions against Russia over Ukraine war

Unlock the White House Watch newsletter for freeYour guide to what Trump’s…

- Advertisement -
Ad imageAd image

You Might Also Like

Crypto

'Fundamental Shift' in Traditional Bitcoin Market Cycle May Be on the Horizon

By News Room
Crypto

FTX/Alameda Unstakes Over $1B in Solana – Is a Major Price Shift Coming?

By News Room
Crypto

Mastercard Launches “Crypto Credential” To Replace Wallet Addresses With Usernames

By News Room
Crypto

Polygon Executive Pivots Roles To Developing ZK Proof Tech

By News Room
Crypto

Altcoin Interest Driving South Korean Crypto Craze – Report

By News Room
Crypto

Russian Central Bank Flags Sharp Rise in Crypto-related Activity

By News Room
Crypto

BitGo’s $100M Suit Against Galaxy Gets Green Light from Delaware Supreme Court

By News Room
Crypto

Here Are Your Top Crypto Gainers Today on DEXScreener

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?