SILVER - Silver (physical/ETF)

The host mentions silver as part of his basket of hard assets he is accumulating alongside gold, noting that hedge funds like Jane Street are suddenly becoming major holders of silver.

Soloway sees silver bounce as real but expects more downside. He is not buying yet — waiting for $50 or below to begin dollar cost averaging every $5 lower. Long-term bullish but short-term cautious.

Silver is at a critical $64 support level. Gareth warns that a confirmed daily close below $64 would be bearish, potentially sending silver to $54 and ultimately to the $47-$50 zone. He is watching the $64 level closely before considering any long-term buys.

Gareth identifies $54 as a swing tradeable level and his bigger long-term buy zone between $47 and $50, based on the 'retrace to the scene of the crime' concept where silver's 1980 and 2011 highs both peaked around $50.

Silver is also trading below its 200-day moving average. Historical data shows silver went up 320% the last time it was at similar levels. Previous touch points at $27, $17, and $11 all preceded major rallies. There is also a structural silver supply deficit.

Silver forming a classic bear flag pattern with trend line break. Downside targets between $46 and $54 with 70% probability of further decline.

Similar to gold, Gareth holds long-term silver positions but warns of a bear flag pattern suggesting further downside in the short term. He expects a pullback to the $46-$54 range before potential recovery.

Long-term bull on silver alongside gold. Would start buying longer-term holdings at the $49-54 level. Needs to break above $92-93 for a shot at all-time highs.

Bencino still holds a lot of silver and is not bearish, but he explicitly says the time to buy was years ago when it was $20. From $120+, the risk/reward is no longer attractive. He advises against chasing it.

Silver hit the predicted $82 resistance level and is rolling over. First support at $66-64, then down to $49-50 area.