Silver’s “Surprise” Run

[] the precious metal is hot [View in browser]( [View in browser]( [] APRIL 5, 2024 [] [] [Geof Smith’s FREE Telegram channel]( is the place to be. Join now to get market insights, tips & even FREE trade ideas! [] PROSPERITY PUB MARKET TALK Silver’s “Surprise” Run Silver’s been on a remarkable run, up 25% from its lows in January. The precious metal’s rise was a surprise to many, but not our resident commodities expert, Geof Smith. Geof has been beating the drum about another precious metal — gold for several months now. And when gold finally had its breakout moment back in February, one of the first things Geof told us was that for gold to go higher (and he forecasted it would), silver would need to start cooperating. Well, say no more, silver has definitely started playing along. It's finally surpassed its February 2022 high, a significant milestone. Here's what Geof sees for silver next: • Potential for further gains: With gold and copper on the rise, silver could be pulled even higher. • Resistance levels to watch: The next major hurdle for silver futures is around $30.35. For the popular SLV silver ETF, the next obstacle is at $28. • Silver miners catching up? The silver miners ETF (SIL) is lagging behind compared to silver itself. If silver breaks through resistance, the miners could see a surge to catch up, potentially reaching their February 2022 high of $40.29. • Support levels in case of a pullback: Even after a strong run, there's always a chance for a temporary dip. If that happens, silver could find support around $26.30, with a stronger support zone at $24.30 (the 2023 opening price). Geof even mentioned the possibility of silver finding support as low as $24.05, its January 2023 starting point. As far as possible trade ideas, Geof tells us buying SLV at market price (currently around 25.08) and setting a GTC (good-till-cancelled) sell order at its next significant resistance point of $28 could yield a nice return. If you take this trade, don’t forget to set your stops at one of the support levels Geof gave us, above. — The Prosperity Pub Team [] [] See All Those Arrows? Every single one was an income opportunity… All courtesy of a phenomenon Jeffry Turnmire likes to call “Income Pockets.” Nothing ever goes straight up — And that’s great, because all that up and down action creates TONS of income opportunities for savvy traders! [Discover the Income Pockets strategy!]( [] [] SCOTT WELSH’S ANATOMY OF A GREAT TRADE Anatomy of a Great Trade: GE There’s a place to go for big winners that almost no one thinks about. And that place is The Has-Been Bin. When old stocks finally fall and sputter in the gutter, most people forget about them. But old names still have names. And a new catalyst can lead to a massive move fueled by “I told you so!” investors. An example of that is GE (GE Aerospace). It used to be a stuffy old company, but it’s made some dramatic transformations to the company. And it’s taken off. Here’s the chart: [] For years it did nothing but fall into obscurity. Then in January 2023, it closed two consecutive months above the 12-month simple moving average and could’ve been a buy at $52.31. It’s now trading at $153. And is still going. It’s good to keep old boring stocks on our radar. They might become monsters again. Happy trading, Scott [] [] [] [] APRIL 5, 2024 [] [] [Geof Smith’s FREE Telegram channel]( is the place to be. Join now to get market insights, tips & even FREE trade ideas! [] PROSPERITY PUB MARKET TALK Silver’s “Surprise” Run Silver’s been on a remarkable run, up 25% from its lows in January. The precious metal’s rise was a surprise to many, but not our resident commodities expert, Geof Smith. Geof has been beating the drum about another precious metal — gold for several months now. And when gold finally had its breakout moment back in February, one of the first things Geof told us was that for gold to go higher (and he forecasted it would), silver would need to start cooperating. Well, say no more, silver has definitely started playing along. It's finally surpassed its February 2022 high, a significant milestone. Here's what Geof sees for silver next: - Potential for further gains: With gold and copper on the rise, silver could be pulled even higher. - Resistance levels to watch: The next major hurdle for silver futures is around $30.35. For the popular SLV silver ETF, the next obstacle is at $28. - Silver miners catching up? The silver miners ETF (SIL) is lagging behind compared to silver itself. If silver breaks through resistance, the miners could see a surge to catch up, potentially reaching their February 2022 high of $40.29. - Support levels in case of a pullback: Even after a strong run, there's always a chance for a temporary dip. If that happens, silver could find support around $26.30, with a stronger support zone at $24.30 (the 2023 opening price). Geof even mentioned the possibility of silver finding support as low as $24.05, its January 2023 starting point. As far as possible trade ideas, Geof tells us buying SLV at market price (currently around 25.08) and setting a GTC (good-till-cancelled) sell order at its next significant resistance point of $28 could yield a nice return. If you take this trade, don’t forget to set your stops at one of the support levels Geof gave us, above. — The Prosperity Pub Team [] [] See All Those Arrows? Every single one was an income opportunity… All courtesy of a phenomenon Jeffry Turnmire likes to call “Income Pockets.” Nothing ever goes straight up — And that’s great, because all that up and down action creates TONS of income opportunities for savvy traders! [Discover the Income Pockets strategy!]( [] [] SCOTT WELSH’S ANATOMY OF A GREAT TRADE Anatomy of a Great Trade: GE There’s a place to go for big winners that almost no one thinks about. And that place is The Has-Been Bin. When old stocks finally fall and sputter in the gutter, most people forget about them. But old names still have names. And a new catalyst can lead to a massive move fueled by “I told you so!” investors. An example of that is GE (GE Aerospace). It used to be a stuffy old company, but it’s made some dramatic transformations to the company. And it’s taken off. Here’s the chart: [] For years it did nothing but fall into obscurity. Then in January 2023, it closed two consecutive months above the 12-month simple moving average and could’ve been a buy at $52.31. It’s now trading at $153. And is still going. It’s good to keep old boring stocks on our radar. They might become monsters again. Happy trading, Scott [] [] [] [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub]( [] ABOUT US: We believe that the opportunity for financial literacy and freedom belongs to all people, not just those who already have years of investing experience. Prosperity Pub provides an array of educational services and products that will help you navigate the markets and become a better investor. Trading is made simple through our online forum full of trading techniques to give you the best tools to kick-start your investing journey. We offer collaborative webinars and training; we love to teach. No matter the opportunity, we bring together a strong community of like-minded traders to focus on analyzing market news as it’s presented each day. DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Prosperity Pub are for your informational purposes only. Neither Prosperity Pub nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk. DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Prosperity Pub is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit [( for our full Terms and Conditions. [Unsubscribe]( This email was sent to {EMAIL} by Prosperity Pub 101 Marketside Ave, Suite 404 PMB 318, Ponte Vedra, Florida 32081, United States [Prosperity Pub](