{"id":133,"date":"2019-07-12T23:46:26","date_gmt":"2019-07-12T23:46:26","guid":{"rendered":"https:\/\/goldsilverdesk.com\/news\/?p=133"},"modified":"2024-07-08T17:53:29","modified_gmt":"2024-07-08T17:53:29","slug":"why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting","status":"publish","type":"post","link":"https:\/\/goldsilverdesk.com\/news\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\/","title":{"rendered":"Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting…"},"content":{"rendered":"\n

Clive Maund<\/p>\n\n\n\n

July 1, 2019 – 11:10am<\/p>\n\n\n\n

We have already been over the reasons why a major PM sector bullmarket is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bullmarket, but it is worth \u201cthumping the table\u201d over this, because silver and silver investments may well be the best place of all to put your money at this time.<\/p>\n\n\n\n

Many silver investors are manic-depressive and\nfanatical, which is a reality that we can turn to our advantage, for if we can\nfigure when they are just starting to emerge from the depths of despair, it is\nthe time to move into the sector in a big way. They are just starting to emerge\nfrom the depths of despair right now as it happens, which graphically is shown\nby the silver to gold ratio, the basis of which being that when investors in\nthe sector are at their most risk averse, they tend to favor gold over silver,\nwhich is hardly surprising as gold conjures up images of solidity and security\nto a much greater extent than silver, which is also known as \u201cpoor man\u2019s gold\u201d.<\/p>\n\n\n\n

It is thus most\nilluminating to observe a long-term 20-year chart of the silver to gold ratio,\non which we see that the rare occasions on which it has dropped to the sort of\nextremely low levels it is now at, have always preceded a major sector\nbullmarket<\/em> except early in 2016 which preceded a big rally. What is\nremarkable right now is that this ratio has even exceeded its earlier record\nlows, which makes a new sector bullmarket even more likely, and this indicator,\njust by itself, is a strong sign that this is what\u2019s brewing.<\/p>\n\n\n\n

Now to examine silver\u2019s\nlatest charts to see how it is shaping up.<\/p>\n\n\n\n

On the 6-month chart we can see that although silver has reversed, breaking out of its preceding downtrend into a new uptrend, it has still only risen by a meager $1 from its late May lows \u2013 BIG DEAL!! <\/strong>Rather than being upset by this, WE SHOULD BE THANKFUL THAT IT HASN\u2019T RISEN MORE<\/strong> because otherwise silver investments would have gone through the roof. Silver\u2019s restrained performance so far is giving us more time to buy investments across the sector before it really gets moving. An important point to note before leaving this chart is the strong volume on a big up day last week, which was the 2nd biggest up day volume in history<\/em> which is a very bullish sign.<\/p>\n\n\n\n

The 3-year chart shows that silver has been an especially dull market during this period, but what is interesting is to compare this chart to the 3-year chart for gold in the article Gold\u2019s Epochal Breakout<\/a>, which looks way different and shows a massive divergence that is going to be made good by silver catching up big time at some point. Although silver\u2019s 3-year chart still doesn\u2019t look very inspiring, with weak price performance and an overhang of resistance between about $16 and $18.50, the volume buildup of recent weeks coupled with gold\u2019s strong performance suggests that this resistance could be overcome a lot more quickly and easily than many would believe possible.<\/p>\n\n\n\n

Finally, the long-term\n10-year chart shows that despite gold breaking out from its giant 6-year long\nbase pattern over the past week or so, silver is still scraping along not very\nfar off its lows. However, this is not a situation that is expected to persist\nfor much longer \u2013 if gold goes up it\u2019s going to take silver with it, and the\nvolume buildup in silver as it has risen off recent lows suggests that this\nrally has legs, and what is believed to be happening is that silver is just\nstarting to rise off the 2nd low of a Double Bottom, whose 1st low occurred\nlate in 2015 \u2013 early in 2016. If this interpretation is correct then we are at\nan excellent entry point here for all silver related investments.<\/p>\n\n\n\n

End of update. <\/p>\n\n\n\n


_________________________<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Clive Maund July 1, 2019 – 11:10am We have already been over the reasons why a major PM sector bullmarket is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bullmarket, but it is worth \u201cthumping the table\u201d over this, because … Continue reading “Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting…”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-133","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nWhy Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting... - Gold Silver Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldsilverdesk.com\/news\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting...\" \/>\n<meta property=\"og:description\" content=\"Clive Maund July 1, 2019 – 11:10am We have already been over the reasons why a major PM sector bullmarket is starting, and remarked on how undervalued silver is compared to gold, and how this is typical at the start of a major sector bullmarket, but it is worth \u201cthumping the table\u201d over this, because … Continue reading "Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting…"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldsilverdesk.com\/news\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\/\" \/>\n<meta property=\"og:site_name\" content=\"Gold Silver Desk\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-12T23:46:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-08T17:53:29+00:00\" \/>\n<meta name=\"author\" content=\"david@goldsilverdesk.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"david@goldsilverdesk.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/goldsilverdesk.com\\\/news\\\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldsilverdesk.com\\\/news\\\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\\\/\"},\"author\":{\"name\":\"david@goldsilverdesk.com\",\"@id\":\"https:\\\/\\\/goldsilverdesk.com\\\/news\\\/#\\\/schema\\\/person\\\/7985cc77bfb2b705aec4b5dd3e07c748\"},\"headline\":\"Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting…\",\"datePublished\":\"2019-07-12T23:46:26+00:00\",\"dateModified\":\"2024-07-08T17:53:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/goldsilverdesk.com\\\/news\\\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\\\/\"},\"wordCount\":705,\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/goldsilverdesk.com\\\/news\\\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\\\/\",\"url\":\"https:\\\/\\\/goldsilverdesk.com\\\/news\\\/why-silver-is-amazingly-cheap-here-a-sure-sign-that-a-major-pm-sector-bullmarket-is-starting\\\/\",\"name\":\"Why Silver Is Amazingly Cheap Here & A Sure Sign That a Major Pm Sector Bullmarket Is Starting... - 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