Good Sunday everyone!
Anyone who follows us has probably noticed that most of the forecastspublished in our telegram channel werefaithful, especially for bitcoin. Today we will digress a little from the cryptocurrency market, in the sense that the asset under consideration, by which we will determine the prospect of further movement, is silver.
Perhaps some of you have noticed thatThere is a fairly high correlation between bitcoin and silver, nevertheless, since mid-October there has been a divergence, bitcoin rushed to the heights, conquering new heights, close to its historical highs, and silver hung sideways.
Earlier this year, there was already a moment when bitcoin showed an outstripping dynamics, in late April-early May, and silver only a month later broke up from consolidation.
Maybe history will repeat itself, and we'll see a near-rising momentum on Silver?It is very even possible, because the seasonal factor is also on the side of bulls on this precious metal, based on observations over the last 25 yearsNovember-December is the best period for buying silver, and February-Marchand August for sale.
I consider the upward breakdown of local resistance at $26 to be a confirmation of the idea.
Let's see, time will tell, but in the conditions of unrestrained monetary stimulation from the world Central Banks, I will definitely not consider shorts.
