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Why Silver is the new Gold: Opportunity for Sustainable Upside Momentum
FXEMPIRE ^ | Vladimir Zernov

Posted on 05/19/2023 2:21:09 PM PDT by nickcarraway

Silver remains below its all-time high while gold is trading near its record levels. If the gold/silver ratio drops below 78, it could give silver a sustainable bullish trend and potentially push it towards multi-year highs.

-Silver gained strong upside momentum in recent months but remains cheap compared to gold.

-Demand for precious metals is rising as traders search for safe-haven assets amid a banking crisis in the U.S.

-If gold/silver ratio settles below the 78 level, silver may gain strong upside momentum.

Unlike Gold, Silver Settled Well Below Its All-Time High Levels

Silver enjoyed strong support in recent months and moved toward the $26.00 level. While gold is close to its all-time high of $2075, which was reached back in 2020, silver stays well below its record level. Silver touched highs at $49.81 in April 2011 and has never moved close to these levels.

This year, silver has a chance to gain sustainable upside momentum as traders focus on the problems of U.S. banks and search for safe-haven assets. Gold is already trading near all-time high levels, which is bullish for silver. Meanwhile, the gold/silver ratio has settled near the strong support in the 78 – 80 range. Many traders use the gold/silver ratio as an additional indicator for their decision-making.

While the gold/silver ratio is simply a numerical indication of how many ounces of silver can be bought with one ounce of gold, it has its technical levels which serve as entry points. In case the gold/silver ratio manages to settle below the 78 level, it will have a good chance to gain strong downside momentum and move toward yearly lows at the 75 level. This scenario is bullish for silver.

Taking a look at the big picture, silver reached its all-time high at a time when the gold/silver ratio declined towards the 32 level. While this was an extreme development, it is obvious that the gold/silver ratio has plenty of room to move lower in case the right catalysts emerge. As gold gets more expensive, investors may focus on silver, which is relatively cheaper, and push it toward multi-year highs.

Vladimir is an independent trader and analyst with over 10 years of experience in the financial markets. He is a specialist in stocks, futures, Forex, indices, and commodities areas using long-term positional trading and swing trading.


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Extended News
KEYWORDS: donate; silver
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To: lombardwarrior2

It is a by product of other stuff. If there is a slow down in copper mining it could impact silver…but it’s a funky market.


21 posted on 05/19/2023 3:44:56 PM PDT by Vermont Lt
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To: Leaning Right

Don’t know but I think they changed the reporting rules of a sale to a lower amount.


22 posted on 05/19/2023 3:48:17 PM PDT by jimwatx
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To: nickcarraway

I thought that platinum from catalytic coverers was the new gold?


23 posted on 05/19/2023 3:49:45 PM PDT by Kartographer (“We Mutually Pledge To Each Other Our Lives, Our Fortunes And Our Sacred Honor”)
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To: nickcarraway

Bookmark.


24 posted on 05/19/2023 3:53:00 PM PDT by gitmo (If your theology doesn’t become your biography, what good is it?)
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To: algore

The last day to redeem them for silver was June 24, 1968. They are still worth the face value of the bill. I’ve always liked silver certificate and thought they looked cool. My uncle redeemed his back in the day and they sent him a big block of dirty silver.


25 posted on 05/19/2023 3:53:08 PM PDT by jimwatx
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To: mac_truck

I bought, and I sold (2008) and I bought again. I’m not selling anymore, whatever I end up with is going to the kids when I croak. They won’t get rich, but they’ll have some nice stuff.
A couple of these, for starters-
https://www.ebay.com/itm/115721115206?mkevt=1&mkcid=1&mkrid=711-53200-19255-0&campid=5338905012&toolid=20006&customid=255_255_255&_trkparms=ispr%3D1&amdata=enc%3A1HcrCOU28SlqR3mp72ebE1A83


26 posted on 05/19/2023 3:56:54 PM PDT by telescope115 (My feet are on the ground, and my head is in the stars. A Man, and proud of it!)
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To: telescope115
I need to buy me some more silver…..

As others mentioned, be very cautious and suspicious of sellers. Lots of Chinese fakes being peddled. The fakes silver dollars are being sold to scammers for a buck or two, who then try to sell them for $22 to $40 each. Yep, worth $1.88 or so, and nets a profit up to 20 times that for the scammers.

First ones were detected because of missing notches on the rim and being magnetic. Counterfeiters then fixed that, but coins are still underweight. Newer fakes are very similar in weight, non-magnetic, and with a thin coating of silver look real. You need an x-ray detector to confirm whether it is silver or copper interior.

27 posted on 05/19/2023 4:02:32 PM PDT by roadcat
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To: nickcarraway

Funny....I just posted to some traders...that I thought Silver could double.


28 posted on 05/19/2023 4:04:51 PM PDT by Osage Orange
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To: BipolarBob

Silver mining stocks more sound.


29 posted on 05/19/2023 4:07:08 PM PDT by Osage Orange
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To: telescope115; BipolarBob; mac_truck

a good way to buy silver without as much worry of getting ripped off, is to buy bags of so-called “junk” silver, that is, U.S. silver coins no longer in circulation that have no collector value ... one bag is equal to $1000.00 face value of the coins in the bag, there are also half bags and quarter bags ... these bags are heavily traded and have a repetitively thin price differential between buy and sell prices ...

the standardized silver content of U.S. coinage also has the advantage of being able to be useful in commerce should the shit totally hit the fan ...


30 posted on 05/19/2023 4:24:35 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: roadcat

Thanks for the advice, I usually buy from reputable online dealers,
https://www.jmbullion.com/?Wickedsource=Microsoft&Wickedid=80470620010823%7CJM%20Bullion%7Ce&msclkid=e05c10cfc81614a24d2e74a7ccd51fce&utm_source=bing&utm_medium=cpc&utm_campaign=Search%20%7C%20JM%20Bullion%20Terms%20%7C%20Brand&utm_term=JM%20Bullion&utm_content=Brand%20-%20JM%20Bullion
https://www.providentmetals.com/?msclkid=2d9acfd3130b1f0c84e0abbb16901d4f&utm_source=bing&utm_medium=cpc&utm_campaign=Search%20%7C%20Provident%20Terms%20%7C%20Brand&utm_term=provident%20metals&utm_content=Provident%20Brand%20Terms

And the US Mint.

I just posted the EBay link for the picture…


31 posted on 05/19/2023 4:28:02 PM PDT by telescope115 (My feet are on the ground, and my head is in the stars. A Man, and proud of it!)
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To: telescope115

And I paid, I think it was $225 ea. for the Apollo coins. THAT was a day, they went on sale, and I couldn’t get in, had to wait for the second run…


32 posted on 05/19/2023 4:32:24 PM PDT by telescope115 (My feet are on the ground, and my head is in the stars. A Man, and proud of it!)
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To: nickcarraway

The historical ratio is 45:1 Silver to Gold. Silver is heavily manipulated by the banks to keep it low. Try to buy silver for the spot price. It simply isn’t available in any appreciable quantity.


33 posted on 05/19/2023 4:33:33 PM PDT by CarmichaelPatriot (Recovering Kalifornian... Loving Alabama!)
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To: jimwatx

I wish I had bought gold and silver in the early 2000s when it was selling for $320 and $5 respectively.


34 posted on 05/19/2023 4:44:56 PM PDT by Blood of Tyrants (It's science and therefore cannot be questioned!)
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To: BipolarBob

>> The Chinese have made almost undetectable counterfeits.

Counterfeit US junk silver coins?


35 posted on 05/19/2023 5:08:51 PM PDT by Nervous Tick (Truth is not hate speech.)
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To: dynachrome

>> I like ‘junk’silver

Me too. Should I ever actually need to put it to use in a SHTF situation, it’ll be easier to use because it’ll be easier to trust. Everyone knows its look and feel.

Precious metals are not an “investment”. They are a hedge for bad times. REALLY bad times.

Just my 2c.


36 posted on 05/19/2023 5:12:08 PM PDT by Nervous Tick (Truth is not hate speech.)
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To: roadcat

...and being magnetic

LOL.


37 posted on 05/19/2023 5:14:15 PM PDT by Nervous Tick (Truth is not hate speech.)
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To: lombardwarrior2
Silver is the most abundant precious metal on the face of the planet.

Remember when Bunker Hunt lost a fortune trying to corner the silver market. My mom dug out her jars of silver dimes and sold them for a nice profit. I don't think he had any idea how much silver was squirreled away in various places until he tried to buy it all.

38 posted on 05/19/2023 5:22:13 PM PDT by AndyJackson
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To: CarmichaelPatriot

39 posted on 05/19/2023 5:29:51 PM PDT by nickcarraway
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To: AndyJackson; lombardwarrior2

40 posted on 05/19/2023 5:30:33 PM PDT by nickcarraway
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