SILVER PRICE EXPLODES 🚀
Silver hits a new all-time high at $79.11, up 150%+ YTD.
Key drivers:
• Record demand from green energy, solar & EVs
• 5th straight year of global supply deficit (95–117M oz)
• Mine supply down ~7% since 2016
• Fed rate cuts & geopolitical tensions boosting safe-haven demand
• Possible China export restrictions ahead
Technical view:
• RSI at 83.9 → overbought (short-term pullback possible)
• Trend remains bullish
• Strong support: $67.3–$68.2
• Next support: $66.9
Strategy:
Buy on dips near support
Use stop-loss due to overbought conditions ⚠️
BTC
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