The 163-year-old silver cup and handle:
Tim Hack
@realTimHack
The 163-year-old silver cup and handle:
Some people say that silver is undergoing a correction or is overbought, but that is complete nonsense.
On the contrary, I am now convinced that silver has not even broken out yet.
If you track the price back to 1800, you will be shocked to discover that a second, larger cup lies ahead.
And since one could argue that the squeeze of the 1980s was exaggerated by Hunt speculation, a staged mega cup has formed, breaking out first at $65 and then again at $100, with the final breakout occurring at around $200, causing a long-term push towards $1000.
Chart at link 14kb image limit (WTF)
https://x.com/realTimHack/status/1998999531774419201