Rising precious metal anticipation amid geopolitical uncertainty hints at potential breakthroughs on the horizon.

by
Sharing is Caring!

Silver enthusiasts are eyeing a potential end to the yo-yo action that has characterized its prices, anticipating a breakthrough past resistances that have previously constrained its ascent. The focus is on the key $30 per ounce mark, which promises intrigue, while the $50 per ounce level could usher in an exciting bull market.

The current fire sale for silver continues, with observers closely watching gold as the leading indicator for a silver surge. The ratio targeting 70 or below is seen as the catalyst for a move toward the coveted $30-plus silver price. Meanwhile, gold itself is poised for a significant rally, with a next target in the range of $2,300-$2,500 per ounce, and a bold forecast of $2,700-$3,000+ on a breakout move.

Amidst this anticipation, questions linger about what might trigger these potential breakthroughs. Speculation runs rife, linking the muted gold prices in recent years to an awareness among insiders of an impending ‘black swan.’ The list of potential triggers is ominous, including scenarios like an Iran War, Taiwan invasion, US bank collapse, or a geopolitical incident leading to global conflict.

See also  Gold quietly outpaces, rising 40% this year, defying bond yields and inflation shifts; Study shows inflation undercounted by half

As the precious metals market awaits the unfolding events, the uncertainty surrounding silver and gold prices mirrors the broader geopolitical landscape, leaving investors to ponder the unsettling question: Is this the long-awaited breakout, or are we on the brink of unforeseen challenges that could reshape the world order?

Sources:

See also  Gold miners' stocks have surged, reflecting bullish sentiment and rising interest, while central banks hold the highest gold reserves since the 1990s.

Views: 178

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.