Silver is breaking-out right now on Tuesday, August 27th, and we’re up 7% from just one week ago. Here are the details…
Silver is breaking-out, punching-through $18 per ounce!
Check out the surge on silver’s daily chart:
Yesterday I said I think we move to $18.50 rather quickly, and it looks like we are doing that.
Check out the sweet action on silver’s 15-minute chart:
We’re up some 7% since just last Tuesday, and the short-term chart is all kinds of bullish!
Here’s a look a the minute silver broke through $18:
It happened at exactly 9:10 a.m. EST (on the charting platform I use, last price, your mileage may vary).
To give some perspective on how the move is really just getting started, check out the gold-to-silver ratio:
We’ve been in the mid-60s as recently as when Trump became President, so what would a ratio like that look like today?
Assuming $1550 gold and a ratio of 65, we would have a silver price of $23.69, but is gold just going to stall-out here?
As gold keeps moving higher and silver keeps outperforming gold, as silver will do, we get even bigger numbers.
For example, if gold has a $1750 dollar price with a ratio of 65, we get ourselves a silver price of $26.92.
Zooming-out on the GSR, we see another reason why I say silver’s turbo-charger’s about to kick-in.
What is the bottom line as we find ourselves here on this beautiful Tuesday in late August?
Silver’s on the move, and the white metal looks to be playing catch-up to gold, finally.
Silver has a ton of catching-up to do, and there’s no reason to think silver won’t.
Despite what the MSM propagandists claim, silver is money & much more.
It is insurance, a hedge against uncertainty, and silver’s total privacy.
Silver’s tangible and highly needed in today’s high-tech world.
There is a lot less silver out there than most people think.
There is a lot less silver out there than people know.
People often say something specific about silver.
That it’s the “cheapest asset on the planet”.
The keywords there are as follows.
“Cheapest asset on the planet”.
But silver’s so much more.
It will be a life-changer.
For silver stackers.
The time comes.
So very soon.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.