Silver hit its cheapest price in 40 years relative to gold a few months back.
The metal was lagging behind gold in a big way. And as I explained to DailyWealth readers in May, this meant one thing…
Silver would come back with a vengeance.
Now, I have another important message for you today… If you think silver’s rally is over, think again.
The metal has broken out to a new 52-week high. It’s showing no signs of slowing down.
And based on history, this new high means 20% gains are possible over the next year.
Let me explain…
The move we’ve seen in silver is nothing short of spectacular. The metal more than doubled off its 2020 low. And it did something important along the way.
Silver broke out to a new 52-week high in July. And while that might not sound like much, it’s actually darn rare.
In fact, we’ve only seen 16 similar breakouts going back to 1975. That means you can expect silver to hit new 52-week highs just once every three years.
Now, I realize that buying after new highs is scary for a lot of folks. It feels like silver should be due for a pullback after such a price surge.
But that’s simply not the case. These moves are strong buy signals for investors.
That’s just how trends work. When prices get moving higher, they tend to keep rising. And today, silver is in a massive uptrend. Take a look…
Silver hit a new 52-week high last month. The precious metal has more than doubled since its bottom. And it still has room to run…
Since 1975, buying after breakouts like we’re witnessing today can lead to serious outperformance. Just take a look at the table below…
Silver has been a slow mover over the past 45 years… with a typical annualized return of just 4%. But if you only bought after the metal hit new highs, you could’ve done much better…
Buying after these breakouts has led to 11% gains in three months, 13% gains in six months, and a massive 20% gain over the next year. Now those are gains worth paying attention to.
I realize this is a bit counterintuitive. But following the trend is the smartest move you can make when investing. History has proven it time and time again. And silver is no exception.
So if you’ve missed silver’s rally up until this point, there’s still plenty of opportunity ahead. History says a 20% gain is possible, starting now. I urge you not to miss it.
— Chris IgouUrgent Stock Market Warning: Move your money before 2021 [sponsor]
According to a former hedge fund manager with 500,000 followers around the world, the next three months could determine who will become fabulously wealthy in 2021 – and who won’t. It has nothing to do with the COVID-19 crisis. Instead, it’s a huge stock market trend that was already creating millionaires before the pandemic hit. Now, it’s been accelerated. Here’s how to take advantage.
Source: Daily Wealth