Proof that #Silver is entering a long term bull market. (2025 UPDATE)
A thread.
1) Firstly the price action is very positive. Silver has closed the week above $35.50/oz for the first time in 14 years. A second weekly close above this level will confirm a breakout. #silversqueeze 2) When comparing silver to the S&P 500 it is now starting to outperform. When this ratio breaks out above past resistance lines, silver has entered into a bull market. Capital rotation out of stocks and into hard assets occur in these periods.

Silver is really cheap, relative to pretty much every other asset.

A thread.

(1/7)

Silver divided by the broad stock market, is as cheap as it has ever been, going all the way back to 1904.

I have indicated extremes, where appropriate, in each chart.

#silver #silversqueeze (2/7)

When the price of Silver is compared to the total US debt, again, the metal is as cheap as it has ever been, going back to 1970.

Even when the price hit $50 in 2011, silver got nowhere near to covering as much of the US debt, as was covered back in the 1980's peak.

Silver (1/4)

The top portion shows silver/nasdaq ratio.
The middle portion shows the gold/silver ratio.
The bottom portion shows the silver price.

Here we have two ratios, which both appear to be about to breakout higher and lower respectfully. See what happens when they do. Silver (2/4)
When this happens, it is usually followed by a long rally in the silver price and a rotation into precious metals occurs.

Another ratio which appears to be signalling a bottom in the silver price is Silver/M2 money supply near all time lows.