Seeking Alpha: Favorable Conditions Are Likely to Propel Silver Much Higher
Article by Hubert Moolman in Seeking Alpha
With the significant decline in the US Monetary Base since 2016, there are some serious threats facing the monetary system.
These are setting up really favorable conditions for silver prices and the position it has in the international monetary system. The expectation for much higher silver prices is certainly reflected in the charts.
The current bottoming has come to an end, and we have seen a key breakout as expected. This is a chart confirmation that conditions have now turned very favorable to higher silver prices.
With the breakout confirmed, silver is now set to continue higher in a similar fashion to the 2003 to 2011 bull market. However, this time we will likely see far greater price increases in a shorter period, especially given the serious threats facing the monetary system.
The Dollar Index has broken down from the blue line support and is likely to drop much lower over the coming months. This supports the likelihood of a continuing silver rally over the coming months.
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