Yesterday we talked about gold how gold is leading the way. Silver, on the other hand, is overheated right now.
In past 200 days silver has pumped around 150% and hit all time highs (ATH) of $93.57 before pulling back slightly.
Hype has pushed it too far, too fast. That doesn’t kill the bull case but strengthens it. Every real bull market needs corrections, shakeouts, and cooling phases to reset sentiment and build energy for the next leg higher.
Because of geopolitical uncertainty, expectations of Fed rate cut, supply deficit and central banks buying has sore it's value way higher. But it's undervalued right now.
Silver will reach triple digits for sure but not in a straight line. A healthy pullback is necessary before the real breakout begins.
Weak hands chase tops, Strong hands wait for structure. The long-term trend is intact, and the destination hasn’t changed. I'm not an analyst so do your own research before investing.
Thank you for your attention 🙏🙏