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BOA Loves the Silver (with Live CPI Comment)
This is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com
Housekeeping: Good Morning.
“Comex is Dying”
Topic:
* Trump’s China Deal
* BOA Loves the Silver— Confirmed
Market Analysis: BOA Loves the Silver
Fundamentally Speaking: The Worst is Over
Bank of America has raised its metals forecasts, calling for $40 silver and $4,000 gold by late 2025 or early 2026. While gold continues to dominate headlines, analysts at BoA are increasingly focused on silver—not just for its monetary appeal, but for its irreplaceable role in industrial production.
“Right now, industrial activity is going to be weaker, so that’s one of the reasons silver has lagged… But we think the squeeze on demand will be short-lived.”
Technically Speaking: Nested Cup and Handle breakout
Silver prices broke out to the upside in the first week of June, confirming a ten-year cup-and-handle formation. The breakout surpassed the initial technical target of $36.02 and aligns with concurrent strength in platinum markets
The next levels of resistance lie at the previous spike high of $37.47/oz and the psychological round number of $40/oz. However, the scale of the weekly and monthly bases indicates potential for a more extended move. A test of the 2011 highs near $50 remains in play as both positioning and momentum indicators show no signs of exhaustion
Continues here
Related Posts:
This Week:
Data on Deck: CPI/ PPI
* MONDAY, JUNE 9 10:00 am Wholesale inventories
* TUESDAY, JUNE 10 6:00 am NFIB optimism index
* WEDNESDAY, JUNE 11 8:30 am CPI
* THURSDAY, JUNE 12 8:30 am Core PPI
* FRIDAY, JUNE 13 10:00 am Consumer sentiment
*
Summary and Final Market Check…
BOA Chart attached
View all episodes
By VBLThis is a free preview of a paid episode. To hear more, visit vblgoldfix.substack.com
Housekeeping: Good Morning.
“Comex is Dying”
Topic:
* Trump’s China Deal
* BOA Loves the Silver— Confirmed
Market Analysis: BOA Loves the Silver
Fundamentally Speaking: The Worst is Over
Bank of America has raised its metals forecasts, calling for $40 silver and $4,000 gold by late 2025 or early 2026. While gold continues to dominate headlines, analysts at BoA are increasingly focused on silver—not just for its monetary appeal, but for its irreplaceable role in industrial production.
“Right now, industrial activity is going to be weaker, so that’s one of the reasons silver has lagged… But we think the squeeze on demand will be short-lived.”
Technically Speaking: Nested Cup and Handle breakout
Silver prices broke out to the upside in the first week of June, confirming a ten-year cup-and-handle formation. The breakout surpassed the initial technical target of $36.02 and aligns with concurrent strength in platinum markets
The next levels of resistance lie at the previous spike high of $37.47/oz and the psychological round number of $40/oz. However, the scale of the weekly and monthly bases indicates potential for a more extended move. A test of the 2011 highs near $50 remains in play as both positioning and momentum indicators show no signs of exhaustion
Continues here
Related Posts:
This Week:
Data on Deck: CPI/ PPI
* MONDAY, JUNE 9 10:00 am Wholesale inventories
* TUESDAY, JUNE 10 6:00 am NFIB optimism index
* WEDNESDAY, JUNE 11 8:30 am CPI
* THURSDAY, JUNE 12 8:30 am Core PPI
* FRIDAY, JUNE 13 10:00 am Consumer sentiment
*
Summary and Final Market Check…
BOA Chart attached