Perak / Dolar A.S.
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New Highs for Silver?

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We have seen new highs for Gold and Bitcoin which are considered as safe havens to hedge against inflation, but silver still did not show us new levels. Looking at the Daily Chart, we can see a falling wedge that was broken with a daily candle, and I expect for now to see a retest to the strong support area in yellow before continuing its way up.

Our first target is 26.3100. Breaking 26.3100 will push silver towards 28.6100 and 30.0300, and I think when inflation starts to kick in we could see silver going way beyond $30, maybe towards $40 and $50.

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