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As the dust settles on what can only be described as a wild few days in the precious metals markets, silver has done something it hasn’t managed in a very long time; it held the $50 USD level. After briefly touching an all-time high of $53 USD, we saw a short but sharp sell-off as profit-takers cashed in on the rapid gains. Yet despite the dip, silver didn’t crumble. It steadied itself, showing resilience and suggesting that the $50 mark could now be acting as a new floor rather than a ceiling.
That brings us to the big question everyone’s asking: what happens next?
When the markets reopen Monday morning, will the bulls charge ahead and push prices even higher? Or will the bears take control, forcing a deeper pullback as traders look to secure profits from last week’s rally? We’ll find out soon enough, but one thing’s certain — momentum is still alive and well. The last week has shown just how much interest and energy there is in the silver market right now. We’ve seen increased buying pressure from both retail investors and institutions, and even with a bit of volatility, sentiment across the board remains bullish.
But let’s not forget, markets don’t move in straight lines. After such a monumental run, a pullback wouldn’t be unusual, or unhealthy. In fact, it could be exactly what’s needed to consolidate before the next leg up. Personally, I’m expecting a bit of a breather, maybe a retrace down to the $46–$47 USD level before we gather strength for the next push. That could provide a great buying opportunity for anyone looking to add to their stack before prices make their next move upward.
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Still, there’s no denying that silver’s performance has turned heads across the financial world. After years of being dismissed as “the poor man’s gold,” silver has proven once again that it deserves respect. Whether it continues to soar or takes a moment to rest, the long-term outlook remains incredibly strong.
So, what do you think, #silvergoldstackers?.... Will the bulls run wild into next week, will we hold steady above $50, or will we see that pullback I’m predicting?
Drop your thoughts below — no prizes, just bragging rights if you get it right!
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Silver up, gold up, bitcoin and crypto in the tank Lol🙄
Time to stack a little more bitcoin!👍😇🤗
I hear that the LBMA needs an Emergency airlift of 1000 oz silver bars to London ASAP. A little liquidity issue of physical inventory I say.
!PIZZA
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@kerrislravenhill(1/10) tipped @welshstacker
Come get MOONed!