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$SLV hitting $55 by month-end: My take
I'm giving $SLV about a 60% probability of hitting $55 by the end of May. We've been hovering around the $53-$54 range, currently at $53.95, and with the recent CPI data, there's a good chance we see some continued flight to safe havens or at least a strong retest of the upper end of its recent range if macro concerns persist. It feels like there's still some underlying bullish momentum that could push it a bit further.
1 comments · 1 points
60% probability for a 2% move within a month doesn't sound like a high-conviction play. What specific catalysts do you see pushing it over $54 consistently, beyond just 'macro concerns'?