Forwarded from It's Führer Friday o/
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⚡6
Forwarded from The Anglish Times
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Silver down over 5% today, as the treasury and fed continue to intervene in markets to shore up their fiat currencies.
Three weeks ago Silver was pushed back below it's 50-day moving average, and today it was pushed back into the bull flag which it had been trapped in since setting an ATH of $121 at the end of January this year.
The current cost of production for Silver is the the low 30's, but this sudden dip back into mid 50's is a great buying opportunity, especially for anyone who started Stacking in the past 12 months, to get your average cost per ounce down. For everyone else, who've been Stacking for years, this dip is still a good buying opportunity if you're looking to grow your Stack at some of the lowest prices since the initial $50 breakout this time last year.
@SilverStackersSS
Three weeks ago Silver was pushed back below it's 50-day moving average, and today it was pushed back into the bull flag which it had been trapped in since setting an ATH of $121 at the end of January this year.
The current cost of production for Silver is the the low 30's, but this sudden dip back into mid 50's is a great buying opportunity, especially for anyone who started Stacking in the past 12 months, to get your average cost per ounce down. For everyone else, who've been Stacking for years, this dip is still a good buying opportunity if you're looking to grow your Stack at some of the lowest prices since the initial $50 breakout this time last year.
@SilverStackersSS
⚡5
Forwarded from It's Führer Friday o/
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Forwarded from It's Führer Friday o/
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Forwarded from Jack
Little at a time! Local coin shop on my lunch break, 46$
👌6🏆3🙏1
Forwarded from It's Führer Friday o/
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Silver got hammered this week, closing under $50 for the weekend.
This has pushed the White Metal back into the bull flag which formed after the high of $121 at the end of January this year.
Based on technicals, the bull flag ends at the ends before New Year, and is expected to move higher; but more and more countries are moving into wartime economies, and the tiny hat bankers are rubbing their hands feverishly at the thought it.
War is inflationary, but price controls typically drown out the free market during large conflicts, so we'll see what happens.
The good news is, your ounces still weigh exactly the same amount of grams, and everytime they monkey the prices lower, you can get more ounces at a discount.
Happy Stacking, enjoy the dip! o/
@SilverStackersSS
This has pushed the White Metal back into the bull flag which formed after the high of $121 at the end of January this year.
Based on technicals, the bull flag ends at the ends before New Year, and is expected to move higher; but more and more countries are moving into wartime economies, and the tiny hat bankers are rubbing their hands feverishly at the thought it.
War is inflationary, but price controls typically drown out the free market during large conflicts, so we'll see what happens.
The good news is, your ounces still weigh exactly the same amount of grams, and everytime they monkey the prices lower, you can get more ounces at a discount.
Happy Stacking, enjoy the dip! o/
@SilverStackersSS