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Silver jumps almost 10 percent after forming a potential bottom, David Bird notes

Silver jumps almost 10 percent after forming a potential bottom, David Bird notes
Silver rises as liquidity bottom forms

David Bird reports that silver has recently seen a significant increase, rising nearly 10 percent, with almost 3 percent gained today.

He observes that silver may be experiencing a classic liquidity bottom, following a period in which its price dipped below support and weaker investors were shaken out of the market.

Earlier, David Bird reported a successful week for gold, silver, platinum, and oil, noting that his cohort was fully subscribed and sold out in that period (link). He has also examined long-term market patterns, finding that S&P 500 18 year cycle peaks have not historically led to above average returns (link). These observations form part of Bird's ongoing coverage of metals and market cycles.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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