Commodities: Silver
Silver is also looking very constructive here and potentially poised for a ~20% rally, we might see a flight to more defensive assets as we move towards the traditionally weak period for equities going into May.
Silver and gold reacted strongly to comments from the Fed with silver the best rallying ~2%, we believe the catalyst is now in play for a strong run up in the complex from the underlying metals to ETF’s, and stocks.
Conversely silver is looking very constructive and potentially poised for a ~20% rally, we might see a flight to more defensive assets and away from the likes of Bitcoin and to a lesser degree equities.
