Time to buy Silver?

This isn't another altcoin - it's a silver precious metal.

Why have I decided to present this chart? I intend to buy physical metals in the run-up to the global financial crisis.

In times of instability, investors seek refuge for their investments and precious metals are generally a safe haven. I think in the next crisis, investors will choose this asset as well.

It's important to note that after the dot-com bubble, investors began to invest more and more actively in silver, and it's in the crisis of 2007-2008 that it's their protective asset that grew in price until 2011 and made + 800% and it lasted until it became clear that the stock markets had recovered and continued to grow.

However, what do we see now?
Silver looks like a standard altcoin, after the fall we form a triangle pattern and I think we'll reach the support, horizontal line after that we can touch the main support zone near $8 per ounce. The same chart as Bitcoin when it fell from $6000 to $3000. But there is an assumption that we've already broken the support line during the Covid-19 pandemic.

During a critical stage of a crisis, when stock markets will fall, at this moment silver will also fall but recover faster than stock markets. We can see an example of a repetition of this assumption on the example of a coronavirus.

We are moving towards digitalization, tokenization, and I won't be amazed if in the future some kind of currency 100% backed by gold or silver appears. Therefore, having a supplied asset, like silver, will be reasonable.

Especially if we talk about financial markets where people trade derivative assets ( futures, derivatives, options, etc.) for metals, I can say it with 100% confidence that all these derivatives aren't backed by real metals, and when the time comes to boost the price of silver or gold, then these arguments will necessarily be used by metal holders, by publishing it in the media and causing demand for physical metals.

For those who think they can buy silver at a 50% discount.
As we see in our example, during the period of "Covid-19 Crisis" states prohibited the sale of physical gold to individuals. Most likely while this period, the price on the chart will be underestimated, but you won't be able to buy because there will be no supply.

Wherefore, my advice is to diversify risks.

Best regards EXCAVO