I’m taking a look at the daily chart using the BB and as you can see the price tends to find support or resistance coinciding with the median. The indicator then helps us to understand if the trend is in an UP or DOWN phase. In this moment the signal would come both from the exceeding of the median of the BB and from the breakdown of its moving average by the indicator.
Why am I so interested in Silver? and why do I also think that silver is destined to go up a lot?
It is important to understand why I see silver prices going up. There will always be demand for silver because in addition to being a precious metal, silver also has many industrial and technological applications. Therefore, there will always be some level of demand, but that demand has increased significantly as the economy is increasingly geared towards a technological world
The demand for silver is not just about coins and bars. The demand comes from many other sources such as jewelry, silverware and dentistry. On the technological front, silver is a key component and is used in electronic devices, optics, medical devices / instruments and, more recently, in nanotechnology. From an anecdotal point of view, think of the demand for computer science in recent years, especially when supercomputers attempt to mine bitcoins. Many companies are investing in supercomputers to mine bitcoin, and as a result, this increases the demand for silver in the technology.
The biggest growth area for using silver, besides being a precious metal coin, is in technology. This is not just a question related to cryptocurrency. A lot of demand comes from iPhones, iPads, etc. Apple and similar competitor products. Apple alone has created massive industrial demand for precious metals. Here’s a look at what’s inside just the processing chips in modern iPhones:
this is why the silver will be an investment that will be followed, monitored, analyzed, in-depth in all its aspects: macro, technical, cyclical together with silver stocks. A constant theme for the Members Area
