Not all stock pickers subscribe to Chart Patterns, these methods are not an exact science. Personally I have never observed Chart Patterns to be much more than 50/50 accurate due to so many variable and constantly changing financial and political situations that influence the price of stocks. Chart Patterns can used in medium or long term strategies. I prefer to pick off the low hanging fruit, often. It is because I am perfectly familiar with all aspects of the operation and movements of the stock market that I place very low expectations on Stock Chart Patterns. Earlier in the week I predicted cannabis stocks would make a profit, by the end of the day all except one was profitable. The one that was not profitable was slow off the line and made a profit a day later of 9.6%. If Chart Patterns are valid, then you can show me your "cup and handle" pattern on every one of my profitable predictions.
Understanding that the traders have been forcing down the silver price for YEARS, they have now been caught and though they have ~140million ounces in their Vaults, they are trading over 1 billion ounces every day. Third, China has been major exporter to the west (silver moving from Shanghai vault to Comex & LBMA). This is now OVER! As of January 1st, no silver can leave China unless Bejing signs off. Fourth, the industrial demand for silver is going thru the roof! New solid state EV batteries made by Samsung are going to require 1kg each, add solar panels, electronics, retail demand and military demand (each missle requires about 1kg of silver), the demand is now expected to exceed annual production. Fifth, only 15% of silver comes from silver mines, the other 85% comes as a byproduct of other mining (gold, zinc, nickel, ore..etc). To increase physical silver availability, these other mines need to increase their production. Sixth, gold to silver production is about 1:8 (1oz gold mined for every 8 ounces silver) and actual metal available on earth is estimated to be around15 to 1. Historically the price of silver has been less than 20 to 1 compared to gold (going back 2000 years). Back in the summer the gold to silver ratio (GSR) hit 110:1. Today it's almost 65:1 (ie. You can buy 65 ozs of silver at the same price of gold). Say the ratio goes to 50:1 ? At today's price of gold, silver will be $120 oz. To surmise, price of silver has been suppressed for decades but the demand for physical silver van no longer be suppressed. We'll probably see silver $100/oz by year 3nd, $120/oz by spring and after the US re-evaluates their gold reserves on July 04,2026 (that's a good rabbit hole to go down if you aren't aware of what's happening there.. yes, the US still has their gold valued at $42.22 per oz on their books since 1971), the shit is going to literally hit the fan if Trump sets the price at $10k or even as high as $24k (yes, he has ability to do it without any congressional approval), what will happen to silver? $300 per oz? 
Stack deep my friends 🤍
). JP Morgan updated their advice to clients back in October to move from 60% equities and 40% bonds/t-bills to 60% equities, 20% bonds/t-bills and 20% precious metals. First time EVER they have advised their clients to get into metals. Finally, if manufacturers can't get the silver they need for production, their only alternatives are Palladium and Platinum (both of which cost a heck of a lot more!). This is why companies like Tesla, Samsung, Nokia and other big electronics manufacturers have started making deals directly with miners is Peru, Mexico and wherever they can to ensure they can get the silver they need to maintain their production levels. With the explosion of AI and these massive server farms they want to build, NVIDIA, Intel and all the other chip manufacturers are scrambling to get secure source of the metal And to power these data centers, you need energy infrastructure (read more silver). It's like the snake eating it's tail! Soon there wont be enough silver, manufacturers will be forced to use the only other alternatives they have (Palladium platinum or gold), which is just going to keep driving the price up 
Maybe not, US$80 is possible, Silver is US$74.97 now.So are we going to see $100 silver by December 31st
Sorry.. meant 100 CAD
I'm Canadian eh? Next price target is 120 by March 1st (CAD)Did you mean in comparison to silver? i hope that's what you meant.Everything is crashing in terms of silver. Let me explain. Silver & gold are unchanged in terms of weight. An ounce is always an ounce. But it is the fiat currencies that are collapsing in terms of gold and silver due to central bank printing.
Food & energy prices will continue to skyrocket. It always happens when we get hit by inflation, but you need to ask yourself why are we experiencing inflation and why does your dollar buy you less today? Answer is simple. Because the government printed $BILLIONS more and backed them with nothing but IOUs
So nothing much has changed with silver except that there is much more $$ bills circulating (fiat currency) trying to buy the same finite amount of silver available as the demand rises. And I say a finite amount because the producers cannot just double production because the price has gone up. Even if a huge new deposit were discovered tomorrow, it would be years (10 if not more) before a single kilogram of silver from that mine was delivered to market.
Not so fast. May be somewhere between March and June next year.So are we going to see $100 silver by December 31st
I think you will have to pay way more than $100 CAD for a 1 oz Maple Leaf silver coinSorry.. meant 100 CAD
as of this writing, silver spot is CAD$108.43
