Lots of selling going on. We're currently at $22.14 USD and dropping. I've maintained a lot of faith in the $21 level being a solid support. Currently, around $21.40 is where the support level is strongest.
I'm wondering if we'll see premiums increase if supply is limited but prices drop. Looking around at the available options to park your $$, Silver is looking great and extremely undervalued by comparison.
I don't think we'll break the $21 level. If we do, I don't think it will be long. I reckon it'll be short and sharp like we saw in March 2020.
What do you think?
I'm wondering if we'll see premiums increase if supply is limited but prices drop. Looking around at the available options to park your $$, Silver is looking great and extremely undervalued by comparison.
I don't think we'll break the $21 level. If we do, I don't think it will be long. I reckon it'll be short and sharp like we saw in March 2020.
What do you think?