Silver Bottom? Time To Buy Physical | Steve Penny

Liberty and Finance, Released on 4/29/22

Steve Penny, founder of Silver Chartist, sees that silver is about to turn around amid a pullback in yields. While silver could fall lower, he believes it is more probable for it to turn up from here. “If you are looking to buy physical,” he says, “I think this is a fantastic time.” That being said, he believes everyone needs to have their own strategy for when accumulating metals and mining stocks, whether that be buying the dips or dollar cost averaging on a regular basis.

0:00 Intro
1:10 Metals update
2:30 Fed rate hike
3:28 Ten Year yield
4:50 Gold chart
6:03 Strategy
9:08 Miners
13:30 DYX
16:05 Silver Chartist
16:55 Miles Franklin

Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny’s Silver Chartist:

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Reluctant Preppers has finally morphed into Silver Pumpers.

Actually, for those who have never bought silver, it is probably a great idea to get some, although I am not so sure about paying exorbitant premiums for Silver Eagles, etc. But for those of us who have spent years accumulating silver, it is hardly a cause for celebration to see the COMEX silver price at $22.80 an ounce.

How many years have we been told that the price of silver is “about to explode”?
The big banks are always ready to collapse and silver is going to $50 or $2000 or $10,000 or $50,000. Right, but the truth is that silver is perennially suppressed by the powers that be, and I don’t get the impression that they have any intention of changing that. Do you??