Dear Members,
Last Thursday’s update was a significant one, as we confirmed our higher target of $59.00, which was just achieved. Should silver close above $59.00 for 28 consecutive hours, I am raising the next target to $63.00, followed by a move toward $75.00. As many of you know, we have consistently forecasted silver testing $75.00, which could occur at any time once it sustains trading above $59.00. Please make sure to read both our weekly and daily letters this week for further insights. Don’t short silver at any level at this stage.
Looking ahead, our upcoming report may recommend closing long positions in base metals. However, precious metals—particularly silver—are expected to continue rebounding.
Markets traded sharply higher, exactly as predicted. We continue to recommend holding long positions as advised previously. The next levels to watch are detailed in our weekly and daily newsletters.
In cryptocurrencies, values are declining sharply today. Our stance on Bitcoin remains cautious if it trades below $84088 for 78 hours; if this happens, then the potential for an additional 15–25% correction before a buying opportunity arises. My focus remains on Ethereum. Continue to accumulate long positions in Ethereum during periods of weakness. Pay close attention to the $2525 level—if Ethereum closes below this level, we recommend liquidating positions and waiting for the next cycle, which may take up to six months. For now, we are advising purchases of ETHU or Ethereum on Tuesday.
There is also a possibility of MSTR testing the $78.00 level. Tomorrow’s trading pattern will be critical for the crypto sector; a lack of momentum would be very concerning and dangerous.
Our top three picks (MRVL, ALAB, and CRDO) are doing great…Stay long as 15 to 25% upside price movement is on the way in the next 10 trading days because Airavath is carrying them uphill beautifully.
Thank you, and God bless.
Mahendra Sharma