Mark
4K posts
Silver retest the breakout of a 5 month bull flag and everyone panics. Most importantly we closed above support meaning the breakout remains valid.
🚨KEIR STARMER HAS ANNOUNCED HE IS STANDING DOWN AS PRIME MINISTER It's finally happened It's over He will not be missed "Keir has told friends he intends to stand down and set out an orderly timetable for his departure" [@DailyMail ]
Silver 🥈 — $80.24 — would rather not be right on this. I think we see $76-$75 again by Tuesday or so, maybe tomorrow — a retest of the October 2025 trend line now that it has broken out above its weekly line chart resistance. Medium bearish divergence in the 4hr RSI — a retest of the 50% level or lower in the 4hr RSI will likely be concurrent with a retest of the moving average in the daily RSI. I bought more silver today as insurance against being wrong. Maybe it rips through $83 to $85.31 or $90 this week after all @BankerWeimar. It could do exactly that with or without the retest I think is likely. I’ll buy more silver this week at $76-$75 if I’m right. I’ll buy more silver this week at $83 if I’m wrong. Under $100 is dirt cheap @Ajix_007 That’s how this works: buy silver, do nothing 🧘🏼♂️🥈 For the good of the order 🫡
Silver traders are not rolling out. They are piling in. On May 13, the July silver deficit was 313 million ounces. On March 13, the May silver deficit was 302 million ounces. Since the last day of April, the July deficit has grown by 33 million ounces. Back in March, the May deficit had fallen by 5 million ounces in the first 13 days. In March, silver futures for May were being closed or rolled. Now in May, silver futures for July are being opened. And the daily silver update shows that retail investors bought more physical silver through physical silver ETFs over the past 24 hours.
Why #SILVER can push $105/oz in less than 6 weeks, and even potentially end the year at $150 — very conservatively: After nailing Micron and Memory so far, let's do it again ... but on Silver this time. Long read, below, but you know it'll be worth it. 🔸It must be noted — last year when I presented my Silver thesis around the 40s, it heavily acknowledged the correlation between Metals and Bitcoin. That correlation is still applicable to this day. 🔸Long story short: if you start to notice Silver outperforming Bitcoin on a day-to-day or week-to-week basis from here — take that as a sign of confirmation Now let's get to the fun part: 🔸There is a heavily concentrated region of short calls on the SLV ETF from 75–90, with spikes of short puts in between — adding extra strength to the potential covering that would take place. (Important to note: I'm talking about SLV ETF levels here, not Silver per oz.) 🔸Just like what we saw on Micron — once the covering starts, that's when you'll notice an influx of directionally aggressive call buying flow start to pop up. THAT will be the cherry on top giving this rally real healthy momentum 🔸Any floor of $78–80/oz on Silver should be the start of the covering straight towards $103 before needing to cool down 🔸$103 just so happens to align perfectly with the Fib .50 and .786 — notoriously known for rapid moves 🔸But what about fundamentals? The underlying supply/demand picture is arguably the most bullish it's ever been with 6th straight year of supply deficit in 2026 + AI data centers and Solar Panel demand are a direct and growing drain The "Silver is just a commodity" narrative is broken — same way the MU bear case has been broken from $90 → $800 so far 🔸Also not to mention macro conditions. Even if Crude Oil baselines around $80 per barrel this year, and 10Y Yields fall below 4.25% while the Dollar continues to push lower, Metals are going to become the greatest sought out asset in the entire market. 👉We likely already saw the metals cycle low a few weeks ago, and Silver is setting up for a historical rally, even potentially larger than what we saw last year: → $105 base case 🎯 → $150 bull case 🎯🐂 🔸As long as price rides the 13dma → trend is intact 🔸Red days = continuation setups, not weakness. 🔸Silver has been recreating Gold's breakout. This is a correlation I also shared last year. - When Gold broke out from its 2 decade old resistance into ATHs, it started its historical rally. In the midst of the rally, it pulled back for 2-3 months. - Gold continued its ATH 2nd leg higher with 2x the upside monthly candles than its largest candle prior to pulling back. - Meaning.. if Silver were to breakout from here into ATHs after its 2-3 month pullback, as it has followed in Gold's footsteps so far, Silver can give us a 45% monthly candle by sometime this summer. 🔸On average, using previous bull cycles in past years, Silver is very capable of providing a 75% move while simply riding its 13 daily EMA Taking everything into account, Silver can give you a test of near $150 without any issues this year.. conservatively.
