Hello,
Its always a bit risky choosing a price target AND a timeframe, but here is mine, lets see how it unfolds.
Silver is looking like it is going to do a "short, sharp" correction, as the wave two correction (April to June 2025) was slow and complex. Then it will head for $42. The correction may be complete, or have a bit to go (as on my chart) before heading higher.
There is a chance that this last up wave will extend and elongate - as it is historically undervalued relative to gold and may be nearing a point where relative valuations will normalise quite quickly - see 1980 and 2011 when silver "take off." Lets see how it goes. Best of luck everyone. I'm in since $34.75 and will sell not based on silver price, but based on the gold silver ratio reverting to 50:1 or lower.
Its always a bit risky choosing a price target AND a timeframe, but here is mine, lets see how it unfolds.
Silver is looking like it is going to do a "short, sharp" correction, as the wave two correction (April to June 2025) was slow and complex. Then it will head for $42. The correction may be complete, or have a bit to go (as on my chart) before heading higher.
There is a chance that this last up wave will extend and elongate - as it is historically undervalued relative to gold and may be nearing a point where relative valuations will normalise quite quickly - see 1980 and 2011 when silver "take off." Lets see how it goes. Best of luck everyone. I'm in since $34.75 and will sell not based on silver price, but based on the gold silver ratio reverting to 50:1 or lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.