Silver appears to be the next GameStop (GME), and prices could explode higher over the coming day’s/weeks. A return to the $50.00 high set in 2010 seems likely, but prices could rocket even higher triggered by an epic short squeeze.
Silver (currently $29.84) is on the move, and prices gapped above the $28.00 level and intermediate trendline – a very bullish sign. The next few hours/days are critical. If momentum continues and prices surge above $33.00, I think we will see $50.00+ in the next few weeks/months, maybe more if we get a true short-squeeze. Institutional investors would have to push prices back below $28.00 to reverse today’s bullish thrust.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. He posts daily updates to Premium Members. For more information, please visit here.
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