Silver and the fundamentals to look for in the stocks
With silver continuing to lag the move higher in gold there is reason to expect silver to finally start to ride the wave higher. David Erfle joins me to look back to the early 2000s and outline when silver got moving after gold started to run. We also discuss what he is looking for in silver stocks which should provide much more leverage to the price.
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It looks like SLV might be heading for $15+ (that’s $16+ for silver) sooner than many expected…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=3&dy=0&id=p93510525625
It will be a very big deal for the sector when silver/SLV makes a new 2019 high…
https://stockcharts.com/h-sc/ui?s=SLV&p=W&yr=3&mn=3&dy=22&id=p33403461427&a=649322644
The HUI is up 26% vs GLD in 6 weeks and looks great…
HUI:GLD
https://stockcharts.com/h-sc/ui?s=%24HUI%3AGLD&p=W&yr=3&mn=9&dy=0&id=p49295728936&a=675549285
New high for the HUI…
https://stockcharts.com/h-sc/ui?s=%24HUI&p=D&yr=1&mn=5&dy=0&id=p88367444369&a=674485004
GDX is again at its 400 week MA…
https://stockcharts.com/h-sc/ui?s=GDX&p=W&yr=3&mn=7&dy=0&id=p02442490068&a=639932175
Will this breakout hold?…
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=2&dy=0&id=p63886409163&a=670266392
Silver’s pullback this morning allowed for SLV to fill its gap…
https://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=1&mn=3&dy=0&id=p93510525625