Silver Is Headed Up... But It’ll Be a Bumpy Ride

When it comes to trading precious metals, it’s usually gold that steals all the headlines… [Jeff Clark's Market Minute]( Silver Is Headed Up… But It’ll Be a Bumpy Ride By Imre Gams, analyst, Market Minute When it comes to trading precious metals, it’s usually gold that steals all the headlines… But right now, traders would be wise to pay much closer attention to the other precious metal – silver. Silver has recently broken out of an extremely important level. In fact, this breakout could be the catalyst that leads silver back to its previous all-time highs of just under $50. For context, silver is currently trading around $32. Recommended Link [Warren Buffett, Jeff Bezos, Michael Bloomberg, & 48 Members of Congress Are Buying ONE Sector…]( [image]( Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? [And why are they all piling into ONE unique corner of the market…]( This corner of the market is NOT artificial intelligence… Crypto… gold… energy… bonds… dividends… options strategies… or any other familiar sector or strategy.  Instead… - [It’s a sector that the U.S. Gov’t spends 6-TIMES more on, than our own ENTIRE military defense budget.]( - It’s a sector that is expected to grow another $10 trillion… - And save an estimated 14 million lives per year, in the process. The last time we saw the world’s wealthiest investors move their cash into this corner of the market… Stocks exploded 2,020%… 5,609%… Even as high as 8,437% in just ONE year. Now, it’s all happening again. [Click here for the details.]( -- Not for the Faint of Heart The last time silver traded anywhere near $50 was in April 2011. That’s why this recent development is such a big deal. But I must warn you… silver is not for the faint of heart. Trading and owning silver are not for everybody. The volatility in silver can be quite intense. So, if you like the analysis I’ve prepared for you on silver, just keep that in mind. You can always stick to gold, which both Jeff and I expect will continue appreciating strongly over time as well. With that said, let’s look at a price chart of silver below so I can share what I see. [(Click here to expand image)]( I’ve labeled the key breakout that silver has recently completed. That breakout took place on May 17, when silver took out the $30.13 level. This level has kept a lid on the price of silver since February 2021. It’s taken over three years, but silver has finally breached this key level. That’s a very strong sign of intent from silver bulls. And it’s all part of the next [commodity supercycle I’m forecasting](. Now this doesn’t mean the ride back to $50 is going to be smooth sailing. It almost certainly won’t be. Silver is notorious for having big swings in both directions. I fully expect that pattern to continue. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. But being confident in the direction of the longer-term trend means that we should continue to see prices trend higher overall. For trend-following traders, this means using pullbacks as an opportunity to buy the market. Faster and nimbler traders might feel confident playing the downside as well. There isn’t necessarily a right or wrong way to play this trend. It ultimately comes down to your risk tolerance, trading style, and financial objectives. Happy trading, [Signature] Imre Gams Analyst, Market Minute [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2024 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](