| 🔔 SUBSCRIBE TO MONEY METALS EXCHANGE ON YOUTUBE ➤ http://bit.ly/mmx-youtube Is silver overbought? Well, having risen over 23% in the last 30 days to over $54 an ounce, it is. But you need to understand the technical meaning of 'overbought.' It simply means the price grows quicker than typical for the recent trend. It's a technical label, and it doesn't necessarily mean the price is about to drop. Now, it could indicate the possibility of a correction in the near term. In fact, corrections in a bull market are healthy. But "oversold" doesn't mean silver is "overvalued." In fact, there are technical indications that it isn't. The gold:silver ratio is still over 79:1. That indicates that silver is historically UNDERPRICED compared to gold, and it's important to understand the dynamics behind this price surge. In a nutshell, there simply isn't enough silver to meet the demand. So, while silver is technically overbought, it doesn't appear to be overpriced - given the market dynamics. ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ ★★FOLLOW MONEY METALS EXCHANGE ★★ 📘 Facebook ➤ https://www.facebook.com/MoneyMetals 📸 Instagram ➤ https://instagram.com/moneymetals/ 🐦 Twitter/X ➤ https://twitter.com/MoneyMetals 📌 Pinterest ➤ https://www.pinterest.com/moneymetals/ 💼 LinkedIn ➤ https://www.linkedin.com/company/money-metals 🧵 Threads ➤ https://www.threads.com/@moneymetals ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬ |
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