silver Long term view

silver Long term view

SILVER (US$/OZ) TVC:SILVER


Fundamentally silver             is one of the most undervalued asset on the market. I believe this year at some point we will see a breakout to the upside on silver             , price is currently showing a coil pattern. The silver             market is one of the smallest in the world and any significant order can cause price to move fast. I believe smart money has been accumulating long positions ready for the upcoming bull market. Silver             at this price cant sustain itself as its near its mining cost, demand is outweighing current supply, this all supports my analysis.
*Demand exceeds Supply
*near mining costs
*not kept up with inflation
* Gold/silver ratio             at extreme highs
*price is strongly supported at $16.50
*one of the most undervalued assets compared to stocks ,bonds , real estate