Keep buying the dips in silver Dart

Repost from 6-7-2021

“We’ve seen a strong start to Q2 for silver market, with the metal easily outperforming the S&P-500, as well as the yellow metal. This is a very bullish development given that the strongest periods for precious metals occur when silver is not only outperforming gold but also the S&P-500. In addition, we are now 12 months into a new multi-year breakout for silver, and we are working towards a very similar setup to what we saw in 2005.”

USAGOLD note: 2005 was the year silver then trading in the vicinity of $7.50 per ounce began its historic move to $48 in 2011.

Gold, silver and the Standard & Poor’s 500
(In percent, one year)

Overlay line chart showing silver, gold and SP500oneyearJune21

Chart courtesy of • • • Click to enlarge

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