“Silver is making another strong move, decisively breaking out of a 13-year resistance level.
A compelling approach to identifying the beginning of a new secular trend in commodities is to examine the rotational dynamics of price behavior among various resources.
Instead of witnessing uniformly depressed prices across the board, we often observe significant surges in certain commodities, which investors tend to attribute to unique reasons. In reality, these price spikes are frequently interconnected.
It is important to note that during a commodities cycle, there is often a particular resource that becomes the “flavor of the day”.
For example, currently, gold and sugar are in the spotlight; three months ago, it was copper and cocoa; while last year, orange juice took center stage.
In 2022, energy commodities were prominent, and in 2021, we saw notable interest in lumber, coal, and lithium.
We believe that silver is poised to be one of the next commodities to attract significant capital interest.”
Silver is making another strong move, decisively breaking out of a 13-year resistance level.
A compelling approach to identifying the beginning of a new secular trend in commodities is to examine the rotational dynamics of price behavior among various resources.
Instead of… pic.twitter.com/DjJgyu6HQl
— Otavio (Tavi) Costa (@TaviCosta) October 3, 2024