Silver: Trade of the year?

Yes I know, I have said this before. Surely this heavily manipulated market will at some stage break free of its shackles but going back to the Bunker Hunt brothers in the early 80’s and Buffet/Gates in the late 90’s, many have tried to second guess an explosion higher and all have foundered.

Nevertheless, as a pure hedge against all that’s happening in the world, both financial and political, I can see a lot of value in a smallish Silver play which can be turned into something bigger should bullish momentum start to emerge.

The levels I am watching now are roughly 22.00/26.50. We can expect the usual suspects to be corralling the market whilst prices stay in this range. Technically I’m looking at a bottoming pattern to emerge (https://www.tradingview.com/chart/PoTdl7vs/) which would be confirmed by a break and hold above 27.00.

In the meantime, I’m happy to buy dips and play the range game but be ready for the 1% chance of the big upside play.