Silver has teased the buy zone enough times to believe there will be a prolonged if not moderate accumulation again this year until next year summer.
Based on demand and supply of oil (another limited commodity) and its price action, one could see the reason why it would accumulate during lower prices of oil and then begin to move higher as oil prices rise again in the next year's summer.
I would hold on to this analysis until oil ($WTI) price predictions verify.
Think long term.
@AresTrade
Based on demand and supply of oil (another limited commodity) and its price action, one could see the reason why it would accumulate during lower prices of oil and then begin to move higher as oil prices rise again in the next year's summer.
I would hold on to this analysis until oil ($WTI) price predictions verify.
Think long term.
@AresTrade