Silver Target Within a Parallel Trend 🚀
As long as the US dollar remains in a downtrend, precious metals are likely to continue their bullish trend.
This isn't a random spike—it's the end of a 45-year compression phase. Key drivers:Massive supply deficit (industrial demand from solar, EVs, electronics outpacing mining output).
Geopolitical/inflation hedge flows (dollar debasement fears, central bank buying proxies).
Current price action (~$101-103) is parabolic, but the channel projects room to $140-180+ in the coming years if macro tailwinds hold.
-> Short-term risk: overbought, potential shakeout to $90-95 before continuation.
-> Long-term bias: bullish continuation until the upper channel is tested. Silver remains the most asymmetric precious metal play right now—industrial + monetary demand colliding.
DYOR. Position sizing is critical in this velocity.
