Revisit my silver position. Apparently I failed to share in last week's post. Have totally forgotten since I am in a slightly different time zone. 

Doesn't matter. The only thing that matters is silver, together with other precious metals group, represented by gold chart below has continued their upward march after a brief period of consolidation. That's correct, as mentioned in my last silver update, the patterns have pointed towards more upside than a double top style of collapse. In fact, silver has finally broken its all time high, clearing $50 easily after the previous failed attempt. $60 is within reach in just a week! That is some kind of unusual strength, more commonly exhibited by technology growth stocks rather than the so-called boring commodity.

In the short term, $60 is definitely the next resistance. Clearing it easily would see this match continue towards $70-80 range. Is $100 within reach for silver this month (end 2025)? Don't think so... or I hope not... that is a 40% from where we stand now, definitely not for a commodity. Having said that, I see $100 as an ideal mid term target for silver if it is to play an important role in the new economy. Not just silver, but platinum and palladium could accelerate their price increases as their usage continues to grow in the new economy. We can get a sense as the price of copper has also quietly moved up. 

I am not blowing my own trumpet 🎺. If AI is to be grow in importance, more data centres would need to be built. Copper and silver are going to be the lifeblood of these infrastructure projects. No, it's not just semiconductor chips. Companies like $NVIDIA(NVDA)$  can't do anything without all these critical metals. The same could be said for solar panels, wind turbines, nuclear reactors and obviously EVs. Without these lifeblood, these technologies are non-existent. It may come a day when commodities lord over high tech firms.

Position yourselves when the opportunity presents itself. I am sure corrections would come some day. However, when that happens, fast moving technology firms are likely in their own bad states of correction. Just make sure you have the means to take action when that happens.

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