Breaking news for all investors! Silver has recently broken out of a 12-year cup/handle technical formation, signaling a major price objective of at least $3,500. This is a game-changer in the world of investments and financial markets.
Just take a look at the long-term chart of silver. You won’t believe your eyes when you see the potential for massive growth:
For those who need a refresher, here’s a quick overview of the gold breakout that happened recently:
The silver cup/handle formation has been brewing for an incredible 13 years. The longer the duration of the cup/handle, the bigger the move higher will be. This could lead to a surge in silver prices that many never thought possible.
Remember the skepticism that surrounded silver before its move from $7 to $49 between late 2008 and March 2011? Well, get ready for another potential massive move. A 7x increase in silver prices when the cup/handle finally breaks out could see silver reaching close to $200.
Analysis:
This breakout in silver prices is a golden opportunity for investors looking to diversify their portfolios and maximize their returns. With the potential for significant growth in silver prices, now is the perfect time to consider investing in this precious metal. Keep an eye on silver prices and be prepared to take advantage of this exciting investment opportunity.