It's going to $45 - $50 the next 12 months for almost certain so I'd personally wait to back up the truck. We got way overextended to upside in 2025 and this move down was obvious. I think we see the bottom be much higher than previous lows past years but that said we likely see another $10 or $15 bucks down easily before a move to $100 again. I’m glad I sold a lot at $115 , got lucky it being pretty close to top, but even if we went much higher, we were always going to correct 50% or more after such a insane move up.
Very interesting that copper has held its highs while silver dropped 55% & Gold dropping from $5500 to $4K.
It's going to $45 - $50 the next 12 months for almost certain so I'd personally wait to back up the truck. We got way overextended to upside in 2025 and this move down was obvious. I think we see the bottom be much higher than previous lows past years but that said we likely see another $10 or $15 bucks down easily before a move to $100 again. I’m glad I sold a lot at $115 , got lucky it being pretty close to top, but even if we went much higher, we were always going to correct 50% or more after such a insane move up.
Very interesting that copper has held its highs while silver dropped 55% & Gold dropping from $5500 to $4K.