SILVER breaks $30oz! The new floor/support for the silver price- Bix Weir
The spot price of SILVER closed at $31.48oz on Friday May 17th going into the weekend.
https://www.kitco.com/charts/silver
I posted a few videos on SILVERS unusually bullish price movement a month ago to make people AWARE as the price had broken out of its normal manipulated trading range of the BIG BOYS (JP Morgan riggers) as China & India were buying PHYSICAL GOLD & SILVER right out of the back door of the COMEX as the rush to PHYSICAL gold & silver begins. In the past no one took delivery of physical gold & silver so it was easy for the big boys to RIG the paper market which does NOT represent the real PHYSICAL market. All markets are rigged.
I mentioned in the other videos that $30oz was the next RESISTANCE marker and once it breaks that it becomes the new FLOOR/SUPPORT even though it can go a couple dollars below $30oz (The psychology of Technical Analysis of trading) and now China & India & other participants will now buy the DIPS below $30oz and not $25oz anymore.
Now the 1980 ALL TIME HIGH for silver is $50oz which is now the new RESISTANCE marker where I expect it could break $50oz this year or next year and when SILVER finally breaks $50oz it will be a "KATIE BAR THE DOOR" moment when SILVER is now FREE of manipulation and in complete PRICE DISCOVERY mode where the REAL SUPPLY/DEMAND of PHYSICAL SILVER will determine the PRICE which will be in the hundreds or thousands of US Dollars per ounce over the years. This goes for ALL COMMODITY prices as this is really the loss of purchasing power in all phony FIAT DOLLARS printed out of THIN AIR by the Satanic banksters.
Bix is very BULLISH on Silver seeing it being 1:1 with Gold in the future due to Silvers INDUSTRIAL DEMAND for Solar panels, EV Cars, Monetary bullion value etc... I see it going to 1/10th the price of gold as it is taken out of the ground at 1:7 to the price of gold.
This is your SILVER update which is also all commodity prices going up and the NEXT UPDATE will be in the future when SILVER breaks the big final $50oz resistance marker.
Bix Weirs ROAD TO ROOTA YT Channel
https://www.youtube.com/@RoadtoRoota
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