There is no shortage of silver articles on our blog. Here is another one, better to take this one seriously. The market seems to be following our expected path as explained in our bullish silver forecast 2023. The year just got started but market conditions and intermarket trends are pointing in the direction that we expected. Remember, we wrote Strong Buy Once This Happens in Silver which was the pullback to 21 USD. It looks like the pullback is now underway, better be prepared to buy the dip before silver really takes off.
This is an overview of silver articles that, when combined, contain valuable insights and create an holistic picture of the state of the silver market and the silver opportunity:
Another Silver Leading Indicator Turning Bullish As 2023 Kicks Off
Silver: A Divergence Of Epic And Historic Proportions
One Silver Chart Justifies ‘Buy The Dip’ For Long Term Positions
This post is a follow up on our call to consider buying the dip when silver is going to pull back. The area we mentioned was 21 USD in spot silver. It looks like this pullback has now started.
The two ‘wicks’ on the daily chart in the last few days, with a lower high, are suggesting the pullback started yesterday.
No surprise, the USD is showing signs of life again. After a violent decline in the month of December, we now start seeing a reversal in the USD. This will put pressure on precious metals. Our expectation is that it will be short-lived, max 2 months.
In the meantime, we recommend checking out Silver Stocks Outlook For 2023 for investors considering to buy the dip in silver stocks.
