Arcadia Economics, Released on 3/24/21
With the almost daily paper price smashes, is the silver price finally getting close to breaking free, and higher?
Dave Kranzler spent many years working in various Wall Street jobs. After business school, he primarily traded junk bonds for a large bank. Dave graduated from Oberlin College with majors in Economics and English and he also has an MBA from the University of Chicago, with a concentration in accounting and finance. Currently, he co-manages a precious metals and mining stock investment fund in Denver. He has nearly thirty years of experience in studying, researching, analyzing and investing in the financial markets. His daily articles can be found at his site, Investment Research Dynamics.
Seems like the paper price is breaking down, silver is $24.52 this morning, back to January lows. Silver Eagles have gone from $40 in February to $33.52 today. just sayin . . .
As long as those lows around $22 hold I’ll assume this is just more consolidation in a longer-term bull market. But if silver falls below $22 and holds below $22 for a few days to a week I would start getting concerned…