Silver: Down 14% on the week, up 114% YoY

Tfw spot price drops and you add more ounces to the Stack 💪🏻

If anyone hasn’t BTD yet, SD Bullion is still offering these at spot.

https://sdbullion.com/1-oz-generic-silver-rounds

It's Führer Friday o/

@SilverStackers

Operation Epstein Fury is visible in the US bond market with the 2-year rising 0.5% in just the past 3 weeks.

The 2-year is a proxy for the fed rate, which follows the 2-year up or down making adjustments as a lagging indicator.

The Fed, at it's March 18th meeting kept rates unchanged at 3.5% - 3.75%, but that will need revising by the look of things.

t.me/SilverStackersSS

3oz added to the stack

Buy the dip

This week’s haul o/

The past couple weeks have seen consistent selling of Silver and gold related stocks in Asian markets.

Not exactly clear why, but it seems to be a rush for dollar liquidity with broad sell-offs in equities and non-energy commodities, including copper, aluminum, and other non-monetary commodities.

How much of that selling is being done by arab gulf states via Asian markets is not known at the moment, but it probably explains at least some of the selling pressure.

TL;DR Markets are crashing not unlike 2000 and 2008; and the earliest stage is a rush for dollars that drags Silver and gold down along with most everything else, followed by a redeployment of liquid capital into safe haven assets, at which point Silver and gold begin to blast off again.

This could be the last major dip for the foreseeable future.

Silver has been in a brutal consolidation ever since making an all-time nominal high of $121.64 on Jan 28th.

Since then we've seen price action form wedge patterns, with Silver one month ago breaking to the upside, and then one week ago breaking to the downside... and now we are riding the bottom of another wedge with the 200-day moving average providing a major support level if we break again to the downside.

This could be a rough couple of weeks as we see how far the broader market sell-off can drag Silver, gold, and other hard assets down with it.

The base case for Silver remains long-term bullish, however, with increasing industrial demand and ongoing supply shortages.

Enjoy this dip while it lasts. 💪🏻

t.me/SilverStackersSS

In this video,  Mike Maloney's nerdy little sidekick Alan Hibbard explains how (with very few exceptions) gold has typically recovered and continued higher within a few months anytime it has experienced a sharp weekly decline.

TL;DW this current sell-off in metals should be considered as temporary and a great buying opportunity for long-term Stackers.

t.me/SilverStackersSS

$77 spoon... recent trip to LCS

Been buying silver weekly at my LCS fairly consistently. These last few weeks have felt like a steal at ~$72 an oz, ironic since my average cost per oz was ~$27 last I checked.

Gas is a nightmare, though.