Silver and miners set for major breakout
The guest argued that silver and precious metal mining equities are positioned for a major technical breakout and significant upside, potentially outperforming gold.
The argument
The discussion focused on silver (SLV) breaking its downtrend and testing key resistance at $80, while miners like SIL and SILJ clear bottoming foundations. The speakers also noted that miners are entering a highly profitable phase due to soaring revenues from metal price appreciation.
The thesis, stress-tested
✓ What validates it
- ✓SLV decisively clears the $80 level ($88-$90 spot)
- ✓Mining companies report continued doubling of year-over-year revenues in upcoming quarters
▸ Risks discussed
- ▸Precious metals could experience another sharp shakeout or correction
- ▸Mining operational costs could offset revenue gains
Hear it yourself
"Now it's worth talking about the concentration of the upside in this corporate profits over the course of the last five months. But the reality is is that, you know, The US economy is not falling off a cliff, nor is The US labor market. And so you get this combination where inflation's running hotter than, the Fed's target. So you're getting that inflation part of things. The stag side of things, it's more it it still is it still is light, meaning that you still have growth that is subpar because if it had not been for the Iran issues, what you would have had is probably a stronger consumer."
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