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Huge Silver Correction Coming Before Spike To $100? | Steve Penny
Steve Penny, founder of The Silver Chartist, joins Elijah K. Johnson to break down the recent silver pullback from $53 to below $50 and the ongoing rally around $49. He explains why the correction was expected, what key support levels to watch ($40–$35), and how long-term charts still point toward triple-digit silver once $50 is decisively broken. Steve also analyzes the U.S. dollar’s potential short-term bounce and what it could mean for metals, outlines key levels for gold ($4,000 and $3,500), and shares his outlook on platinum as the most undervalued of the major metals.
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INTERVIEW TIMELINE:
0:00 Intro
1:17 Silver update
5:40 Dollar Index & silver
12:35 Gold update
14:30 Platinum
17:20 Silver Chartist
18:22 Dollar forecast
19:20 Weekly specials
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