Proof that #Silver is entering a long term bull market. (2025 UPDATE) A thread. 1) Firstly the price action is very positive. Silver has closed the week above $35.50/oz for the first time in 14 years. A second weekly close above this level will confirm a breakout. https://x.com/MrWWolfe/status/1931409592379900183
2) When comparing silver to the S&P 500 it is now starting to outperform. When this ratio breaks out above past resistance lines, silver has entered into a bull market. Capital rotation out of stocks and into hard assets occur in these periods. https://x.com/MrWWolfe/status/1931409595978731551
3) Each time the G/S ratio has become elevated, the price action that follows is typically positive for silver. False breakouts typically are followed by strong reversals. I expect the green support to break following the recent false breakout, and strong silver outperformance. https://x.com/MrWWolfe/status/1931409599472505115
4) The silver mining etf "SIL" has recently broken out above its 14 year resistance line, indicating that the silver mining bear market is over and finally cash flow will return to the silver miners. The largest silver miner in the world (FRES) has also broken out strongly. https://x.com/MrWWolfe/status/1931409602966327541
5) Gold is now in unchartered territory. Gold has broken out above all resistances and typically where gold goes, silver is not far behind. They both tend to move in tandem, but since 2011 and silver's outperformance period, silver has lagged. This appears to be changing. https://x.com/MrWWolfe/status/1931409606678360385
6) When priced in SDR's (World Currency), silver is currently approaching previous old highs, last seen in 2011. Typically the USD price of precious metals is the last to realise a trend recognized in other currencies. For example silver is near old highs in British pounds. https://x.com/MrWWolfe/status/1931409610398699710
7) US M2 money stock is back in an uptrend. The last few years has seen a destruction in the US money supply due to Fed tightening. Furthermore M2 when priced in silver is breaking down, i.e how many ounces can cover M2. Past breakdowns have led to strong silver bull markets. https://x.com/MrWWolfe/status/1931409614521704920
8) How many ounces required to purchase a share of the DJI is also breaking down. Each time a breakdown has occurred, silver has entered into a strong bull market. https://x.com/MrWWolfe/status/1931409618103939113
9) Last one. Median US House price when priced in Silver is also breaking down. The number of ounces required to purchase a median priced home in the US was 1300 back in 1980. https://x.com/MrWWolfe/status/1931409622180466942
There are limited (and mainly speculative) silver stock options on ASX.
ETPMAG (AUD silver ETF)
But if one is prepared to go to the US:
AGQ (ProShares Ultra Silver) +16.48% (past 1 month) [2xlong Silver ETF)
SLV (iShares Silver ETF) +8.35$ (past 1 month)
SIL (Global X Silver Miners ETF) +17.52% (past 1 month)
SILJ (Amplify Junior Silver Miners ETF) +20.90% (past 1 month)
Hecla Mining (HL) +29.41% (past 1 month)
Couer Mining (CDE) +64.82% (past 1 month)
Endeavour Silver (EXK) +24.07% (past 1 month)
Pan American Silver (PAAS) +14.97% (past 1 month)
First Majestic Silver (AG) +31.27% (past 1 month)
