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Analysis of the trend of silver against the US dollar and silver against the Taiwan dollar in 2021

2022-03-24
1008
  When it comes to silver,I believe everyone should be very familiar with it.In the early years,many of our countries used silver as their valid currency.Especially in our ancient times,our ancient use of silver was more abundant,and we would have a variety of silver products.Under such a situation,the use of silver began to spread out in large numbers.He also uses silver to make some jewelry,such as bracelets made of silver,necklaces made of silver,and earrings made of silver.

  In fact,silver can not only become a wearable product in our daily life,but also has the function of preserving and increasing value.He,like gold,has room to complement each other.Both have extremely high investment value.Under such a situation,silver investment products also began to be born.

  Since 1980,silver has experienced a very long bear market,and has experienced a total of more than 20 years of decline.Therefore,the demand for silver in the entire market has begun to increase substantially in recent years,and the upside of silver will be particularly large.According to the current situation,some experts predict that our silver market may usher in a 10-year bull market in the future.Therefore,silver investment is also a very good choice,at least there should be a lot of space in the future.

  Analysis of the trend of silver against the US dollar

  Judging from the market situation in the past 10 years,in fact,silver is mainly divided into two stages.The first stage is a big slump that started in 2011,because at that time he had ushered in a rapid rise.Since the start of the recovery phase from the financial crisis in 2008,silver has soared 6 times in a short period of time.

  Recommended reading:What will the dollar exchange rate look like in 2021?

  Later,silver began to usher in a unilateral big decline in 2011.This wave of decline took a very long time.It took a total of 9 years before and after.It began to decline from May 7,2011,and came directly to March 20,2020.Therefore,this wave of decline is also memorable to many people.Starting from March 20,2020,he ushered in a wave of unilateral rises.This wave of rising is not only particularly fast,but also particularly fierce.The price rose from 11.64 to 30.35.

  Analysis of the trend of silver to Taiwan dollar

  Recommended reading:How will the exchange rate of the Taiwan dollar and the US dollar go in 2021?

  In fact,when silver is exchanged with any variety,its trend gap will not be particularly large.The general trend is the same.The subtle difference lies in the difference in currency prices.There are some currency fluctuations,and the price is slightly larger,so its fluctuation will be slightly larger,and some fluctuations will be slightly smaller,then its price fluctuation will also be slightly biased.smaller.So in this case,we can know that the trend analysis of silver against Taiwan dollar and silver against the US dollar is the same.We are now in the second stage.But there is one detail that we have to pay attention to,that is,100 Taiwan dollars is equal to 4.802 grams of silver.And one US dollar is equal to 27.82 Taiwan dollars,which means that 100 Taiwan dollars is equivalent to 3.59 US dollars.

  What will the future trend of silver look like?

  Judging from the current market situation,silver is currently in a stage of adjustment.And the bottom position of this adjustment stage is around$19.75,which is converted according to such a price.As long as this price does not fall below,then as long as silver rises again in the later period,and successfully stands at$25.Then the next space for silver should be at least above 30.35,and it will continue to make new highs.

  In addition,our experts have also predicted that silver is likely to usher in a larger bull market in the future,and this bull market is likely to last for 10 years.From the technical patterns and the predictions of experts,our silver may usher in a sharp rise in the future.Of course,this wave of rising may not be able to compare with 2008.If the financial crisis breaks out,the room for this wave of rising will not be small.Even if the financial crisis does not break out,this wave of upside at least allows us to see double to double the profit.Therefore,our investment in silver is still a very good choice at the moment.As long as we can grasp the rhythm,we believe that our market will return us very rich profits.

  What should investors know?

  When investing in silver,our investors must first understand which products and factors the trend of silver will be linked to.Only when we better understand the trend of silver,we can better analyze the market.

  In fact,when we make investments,we are actually investing in the future.This is an analysis of the future.The clearer our country's future market analysis is,the clearer our grasp of the future will be.

  We not only need to analyze the market fundamentals,such as the trend of the US dollar price,the trend of the Taiwan dollar price,or the trend of our overall silver price,these are all we need to pay attention to.

  On the other hand,because our silver is also one of the safe-haven varieties,the price of silver will also be affected by policies.Once important countries issue important policies,our silver prices will also have huge fluctuations,such as The Fed suddenly announced a rate hike or rate cut,and this behavior will have a big impact on us.

  Another example is that there may be a major political mutation in a certain region.Under the situation of political mutation,silver and gold varieties will usher in a wave of sharp rises.This kind of rise is unmatched by the vast majority of varieties.Because their rising speed is not only particularly fast,but also particularly strong.

  In the third aspect,we should also understand the trend of the market.Only when we truly understand the rules of the market trend can we grasp the truth behind it and better understand the future trend.Go up or go down.Therefore,technical analysis is also very important for our market investment,as an investor in silver technology.We should master all the knowledge we need,we should have a world view,and at the same time we should have a good value.

  Under such a concept,it is possible for us to improve our silver investment and to open up our entire market.You must know that our silver market is a very fair and transparent market,the prices all over the world are the same,and everyone can see very public quotations.Therefore,we don't need to care about whether there are experts,we just need to study our technology,study our policies and news,so that we can make a full range of investments.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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