Can Silver really squeeze? Let’s take a look at the current short percentage. on SLV

The chart looks extremely strong currently with supports at 22.01, 21.60, and 21.52 we see resistance levels at 22.50, 22.67 and 22.99. SLV currently sits at 22.33 so 22.50 and 22.69 could be a make or break before testing 23.00. Silver has been in breakout mode since early fall and though it’s slow it’s been steady with mild dips in between each move up. We personally like physical silver over the paper like SLV or silver contracts on forex because it’s less volatile and holds its value in weight. With silver being used more in our everyday lives, like solar, cars, phones to name a few we think it’s something that will be used for years and decades to come.

Rumors have been circulating about a crypto coin backed by gold which would of course send metals much higher. Investors are waiting for something to break at this point as this is absolutely a game of chess and nearly unpredictable with current affairs and events.

Silver on the forex you can see up above down slightly. Traders are waiting for big money to move back into old assets. We believe we are in a war currently between new age digital currency and old money silver and gold. We can expect things to get shaky as debt continues to pile up in America. We read that the average American has 96,0000 in debt. Which again what happens when those debtors come to collect their debt? Not to mention what happens when the dollar becomes worthless. Wouldn’t it be easier to pay back the debt with a useless currency? Time will tell.

Disclaimer:

we are not investment advisors, nor do we claim to be we are stating on our opinions using our research. contents Herin may change at any time and may not represent current trends as time and things change. Content within this post contain affiliate links.