Ah_Meng
09-02
$ProShares Ultra Silver(AGQ)$  Yes, silver futures looks overbought, with RSI going above 80. So is AGQ as seen in its daily chart (secondary chart, not shown here). However, that doesn't mean silver price can't go higher. 

Gold is breaking new all time high... silver price is definitely gunning for $50, above its all time high price of $49.51. At least that is its short to middle term target. The next resistance for AGQ is $63, which is reachable in this rally. After that would be into the $70s, as can be seen in the weekly chart below.

With Donald Trump destabilising the US Fed and effectively diminishing the trust in USD as a world trade currency, more central banks would move into alternatives such as gold and to a smaller extent, silver. With growing importance of silver, recognised as recently as last week by the US government to add it to critical minerals bucket, silver squeeze is happening... right, I am sure not many people know about this. There are a lot of banks artificially suppressed the price of silver. There's only so much you could pressed until it is no longer viable, then all hell breaks loose when positions are rewind... Explosion of silver price is only a matter of time. Just like the big correction in US Indices, it is not a matter of "if" but "when". With multiple forces at work, a sprinkle of silver does no harm [Tongue]  [Silence]  [Chuckle]  [Evil]  

@Daily_Discussion @TigerStars @CaptainTiger 

Gold 50th Record Break! Choose 1OZ, ETF or Stocks to Bet on Surge?
Spot gold accelerated sharply, rising around 2% intraday to a fresh all-time high near $4,500, marking roughly the 50th record break this year and positioning both gold and silver for their strongest annual performance in more than four decades. The latest surge has been driven by renewed bets that the Federal Reserve will deliver two rate cuts in 2026, alongside heightened geopolitical risk, with major banks including Goldman Sachs arguing that structural support for gold remains intact into next year. Will gold hit $5000 in 2026? Would you trade stock futures, etfs or leveraged etfs?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Astrid Stephen
    09-03
    Astrid Stephen
    Trump’s shaking USD—silver squeeze is coming. AGQ to $70!
  • Athena Spenser
    09-03
    Athena Spenser
    AGQ overbought? Who cares! Silver’s heading to $50!
  • kookieman
    09-02
    kookieman
    Amazing insights! Silver is on fire! [WOW]
  • Porter Harry
    09-02
    Porter Harry
    Wow, nice trade!
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