- I am not a permabull on silver (I was bearish in summer 2016) but right now I see that silver's bullish momentum is justified and supported by multiple other indicators.
- Rallies often begin with short covering, and as long as the silver rally continues and more shorts are forced to cover, you can call it a "short squeeze" indeed.
- My Currency-Neutral Silver Price metric is a measure of the metal price performance that is neutral to the exchange rate of the US dollar or any global currency.
- The Silver/Gold Ratio turns the traditional Gold/Silver Ratio upside down to present a more natural chart to track bullish silver price momentum.
- These metrics show a much more bullish fundamental and technical support for the silver price than even for the gold price right now, and this was in place even before last week's silver rally.
For further details see:
Silver More Bullish Than Gold For 2021: Currency-Neutral Metric, Silver/Gold Ratio Support Rally