{"id":22146,"date":"2020-06-01T17:33:20","date_gmt":"2020-06-01T23:33:20","guid":{"rendered":"https:\/\/srsroccoreport.com\/?p=22146"},"modified":"2021-09-17T11:19:15","modified_gmt":"2021-09-17T21:19:15","slug":"silver-price-breaks-above-key-level-next-target-21-compare-10-precious-metals-dealers-silver-eagle-prices","status":"publish","type":"post","link":"https:\/\/srsroccoreport.com\/public\/silver-price-breaks-above-key-level-next-target-21-compare-10-precious-metals-dealers-silver-eagle-prices\/","title":{"rendered":"SILVER PRICE BREAKS ABOVE KEY LEVEL, NEXT TARGET $21:  Compare 10 Precious Metals Dealers Silver Eagle Prices"},"content":{"rendered":"<p>Today, the silver price broke through a critical level held for nearly four years.\u00a0 With silver now firmly above the important $18.50 level, the next target is $21.\u00a0 If silver can break above the September 2019 high of $19.75 quickly, there&#8217;s a good chance it would reach $21 in June.<\/p>\n<p>In my previous article, <a href=\"https:\/\/srsroccoreport.com\/chart-of-the-week-silver-closes-at-the-end-of-may-at-an-important-technical-level\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em><strong>CHART OF THE WEEK: Silver Closes At The End Of May At An Important Technical Level<\/strong><\/em><\/a>, I posted the chart below showing how silver closed right at the key $18.50 on the last trading day of May.\u00a0 With silver closing at the very top of its price range on the last day of May, I anticipated that it would GAP UP in early Asian trading and continue higher towards the end of the day.<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22134\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Silver-Monthly-Price-Chart-May-29-2020.png\" alt=\"\" width=\"650\" height=\"493\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Silver-Monthly-Price-Chart-May-29-2020.png 1201w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Silver-Monthly-Price-Chart-May-29-2020-300x228.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Silver-Monthly-Price-Chart-May-29-2020-1024x777.png 1024w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/05\/Silver-Monthly-Price-Chart-May-29-2020-768x583.png 768w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Here we can see that on the Monthly chart (each candlestick represents a full month of trading), silver closed right at the $18.50 level.\u00a0 <span style=\"color: #800000;\"><strong>If silver GAPPED UP in early Asian trading, then the bottom of the candlestick for the month would be ABOVE the $18.50 level.\u00a0 This was extremely important to occur.<\/strong><\/span>\u00a0 \u00a0I tweeted the following charts during the early Asian trading on Sunday night and this morning in the U.S. Markets:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Silver behaved as I anticipated during early Asian trading.<\/p>\n<p>The <a href=\"https:\/\/twitter.com\/hashtag\/Silver?src=hash&amp;ref_src=twsrc%5Etfw\">#Silver<\/a> price Gapped up above the important $18.50 level.  <\/p>\n<p>Now, it needs to remain above $18.50 at the close of U.S. trading tomorrow. <a href=\"https:\/\/t.co\/9KpXZOWOuO\">https:\/\/t.co\/9KpXZOWOuO<\/a> <a href=\"https:\/\/t.co\/5UD2M4YgAO\">pic.twitter.com\/5UD2M4YgAO<\/a><\/p>\n<p>&mdash; SRSrocco Report (@SRSroccoReport) <a href=\"https:\/\/twitter.com\/SRSroccoReport\/status\/1267280013461557248?ref_src=twsrc%5Etfw\">June 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>And then early this morning I tweeted the following:<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Silver price Gapped Up, Retested, and continues to Rally in early U.S. Trading.<\/p>\n<p>A close above the $18.50, 15-20+ cents very positive for the <a href=\"https:\/\/twitter.com\/hashtag\/Silver?src=hash&amp;ref_src=twsrc%5Etfw\">#Silver<\/a> Price in June.<a href=\"https:\/\/t.co\/bcu8sqAccq\">https:\/\/t.co\/bcu8sqAccq<\/a> <a href=\"https:\/\/t.co\/WoJV0iMVsu\">pic.twitter.com\/WoJV0iMVsu<\/a><\/p>\n<p>&mdash; SRSrocco Report (@SRSroccoReport) <a href=\"https:\/\/twitter.com\/SRSroccoReport\/status\/1267480404560248833?ref_src=twsrc%5Etfw\">June 1, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As a reminder, the silver price quote on Investing.com and Stockcharts.com, come from the July Futures contract, where most of the trading takes place.\u00a0 Kitco.com is posting the June contract, which only traded 25 contracts on Friday versus 61,000 for the July contract.\u00a0 So, Investing.com and Stockcharts.com use the more heavily traded closest futures contract.<\/p>\n<p>Regardless, here is the Silver Monthly chart with the first trading day of June:<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22147\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-Price-Chart-June-01-2020.png\" alt=\"\" width=\"650\" height=\"497\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-Price-Chart-June-01-2020.png 1192w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-Price-Chart-June-01-2020-300x229.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-Price-Chart-June-01-2020-1024x783.png 1024w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-Price-Chart-June-01-2020-768x587.png 768w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>Silver opened ABOVE the $18.50 level, so the base of the candlestick is above the important key resistance area, which I now believe may have turned into a support line.\u00a0 We will know over the next 1-2 weeks of trading.\u00a0 <span style=\"color: #800000;\"><strong>None of the previous four candlesticks that traded above the $18.50 level, closed above it or opened above it.\u00a0 This is an EXCELLENT SIGN.<\/strong><\/span><\/p>\n<p>If the silver price can break above the last high of $19.75 back during September 19th (<span style=\"color: #ff0000;\"><strong>RED ARROW<\/strong><\/span>) quickly, there&#8217;s a good chance it can reach the next target price of $21 in June.<\/p>\n<p><span style=\"color: #800000;\"><strong>While this is nothing more than PAPER TRADING, I can assure you; Traders were instrumental in pushing silver up above its long-term BREAKOUT LEVELS of $14 and $21 during 2007 and 2010 respectively:<\/strong><\/span><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22150\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-BREAKOUTS-21-35-Jun-01-2020.png\" alt=\"\" width=\"650\" height=\"496\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-BREAKOUTS-21-35-Jun-01-2020.png 1194w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-BREAKOUTS-21-35-Jun-01-2020-300x229.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-BREAKOUTS-21-35-Jun-01-2020-1024x781.png 1024w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Silver-Monthly-BREAKOUTS-21-35-Jun-01-2020-768x586.png 768w\" sizes=\"auto, (max-width: 650px) 100vw, 650px\" \/><\/p>\n<p>We can clearly see that when the silver price finally broke above $14 in 2007, it shot up to $20 quickly.\u00a0 Then once silver broke above $18.50 and then $21 in 2010, it quickly shot up to $50.\u00a0 Traders look at these important SUPPORT &amp; RESISTANCE LEVELS.<\/p>\n<p><span style=\"color: #800000;\"><strong>So, now with the silver price above the $18.50 level, its next target is $21.\u00a0 However, once it breaks above $21, it will quickly move to the $27.50 level (not shown in the chart), but you can see from the bottoms made during 2011-2012.<\/strong><\/span><\/p>\n<p>I look forward to watching how silver trades over the next few weeks.\u00a0 I believe with all the money printing, the next target of $21 could come quite quickly.<\/p>\n<h3><strong>Comparing Ten Online Precious Metals Dealers 2020 Silver Eagle Prices<\/strong><\/h3>\n<p>I have been posting from time to time four of the leading online dealers 2020 Silver Eagle prices versus <a href=\"https:\/\/srsroccoreport.com\/precious-metals-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CLOUD HARD ASSETS<\/strong><\/a>, sponsored on this website.\u00a0 I decided to do so because I saw such a significant difference when I compared the prices of 2020 Silver Eagles from the leading online dealers.\u00a0 According to my spreadsheet, the four leading online dealers Average Premium for the 2020 Silver Eagles is 59% over spot versus 37% for <a href=\"https:\/\/srsroccoreport.com\/precious-metals-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>CLOUD HARD ASSETS<\/strong><\/a>.<\/p>\n<p>So, with adding five more dealers to the list, now totaling ten, here are the 2020 Silver Eagle Prices as of 3 pm MST on Monday, June 1st:<\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-22149\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Top-Precious-Metals-Dealers-2020-Silver-Eagle-BEST-BUY-PRICES-vs-Cloud-Hard-Assets-Jun-01.png\" alt=\"\" width=\"750\" height=\"452\" srcset=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Top-Precious-Metals-Dealers-2020-Silver-Eagle-BEST-BUY-PRICES-vs-Cloud-Hard-Assets-Jun-01.png 956w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Top-Precious-Metals-Dealers-2020-Silver-Eagle-BEST-BUY-PRICES-vs-Cloud-Hard-Assets-Jun-01-300x181.png 300w, https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2020\/06\/Top-Precious-Metals-Dealers-2020-Silver-Eagle-BEST-BUY-PRICES-vs-Cloud-Hard-Assets-Jun-01-768x463.png 768w\" sizes=\"auto, (max-width: 750px) 100vw, 750px\" \/><\/p>\n<p>I have continue to block out the dealers&#8217; names on these charts for various reasons, however, mostly out of professionalism.\u00a0 But, if you go and check the individual online dealers&#8217; websites, you will find these prices quite easily.\u00a0 <span style=\"color: #800000;\"><strong>The 2020 Silver Eagles prices range from a high of $31.59 to a low of $25.04.\u00a0 CLOUD HARD ASSETS is shown at the lower end of the range.<\/strong><\/span><\/p>\n<p>Dan from CLOUD HARD ASSETS sent me earlier today their current premium for their 2020 Silver Eagles ($6.70 over spot) and Random Years ($6.40 over spot).\u00a0 So, it&#8217;s best to shop around and find the best deals and services for your hard-earned money.<\/p>\n<p>You can contact Tom or Dan at CLOUD HARD ASSETS here:\u00a0 <a href=\"https:\/\/srsroccoreport.com\/precious-metals-investing\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>PRECIOUS METALS INVESTING<\/strong><\/a>.<\/p>\n<p>Please read the Full Disclaimer and Disclosure on the page linked above.<\/p>\n<p><span style=\"color: #000000;\"><strong>If you are new to the SRSrocco Report, please consider subscribing to my:\u00a0<\/strong><\/span> <a href=\"https:\/\/www.youtube.com\/channel\/UCED7G7CZfqdSV9zttlr1M_g\"><strong>SRSrocco Report Youtube Channel<\/strong><\/a>.<\/p>\n<script>(function() {\n\twindow.mc4wp = window.mc4wp || {\n\t\tlisteners: [],\n\t\tforms: {\n\t\t\ton: function(evt, cb) {\n\t\t\t\twindow.mc4wp.listeners.push(\n\t\t\t\t\t{\n\t\t\t\t\t\tevent   : evt,\n\t\t\t\t\t\tcallback: cb\n\t\t\t\t\t}\n\t\t\t\t);\n\t\t\t}\n\t\t}\n\t}\n})();\n<\/script><!-- Mailchimp for WordPress v4.12.1 - https:\/\/wordpress.org\/plugins\/mailchimp-for-wp\/ --><form id=\"mc4wp-form-1\" class=\"mc4wp-form mc4wp-form-5 mc4wp-form-theme mc4wp-form-theme-red\" method=\"post\" data-id=\"5\" data-name=\"Posts &amp; 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Under no circumstances should you interpret opinions which SRSrocco Report or Steve St. Angelo offers on this or any other website as financial advice.<\/em><\/span><\/p>\n<p>Check back for new articles and updates at the <a href=\"https:\/\/srsroccoreport.com\/\" rel=\"noopener noreferrer\"><em><strong>SRSrocco Report<\/strong><\/em><\/a>.\u00a0 You can also follow us on Twitter and Youtube below:<\/p>\n<ul class=\"srsr-social-ul\">\n<li id=\"srsr-minilogo-li\"><img decoding=\"async\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2016\/04\/srsroccoreport-mini-logo-100x35-1.png\" \/><\/li>\n<li class=\"srsoc-li\"><a href=\"https:\/\/srsroccoreport.com\/twitter\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2016\/04\/follow-us-on-twitter-165x35-1.png\" \/><\/a><\/li>\n<li class=\"srsoc-li\"><a href=\"https:\/\/srsroccoreport.com\/youtube\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/srsroccoreport.com\/public\/wp-content\/uploads\/2016\/04\/follow-us-on-youtube-165x35-1.png\" \/><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Today, the silver price broke through a critical level held for nearly four years.\u00a0 With silver now firmly above the important $18.50 level, the next target is $21.\u00a0 If silver can break above the September 2019 high of $19.75 quickly, there&#8217;s a good chance it would reach $21 in June&#8230;.<\/p>\n <a href=\"https:\/\/srsroccoreport.com\/public\/silver-price-breaks-above-key-level-next-target-21-compare-10-precious-metals-dealers-silver-eagle-prices\/\"><div class=\"continue-reading\">Continue Reading<\/div><\/a>","protected":false},"author":3,"featured_media":22148,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,22,7,18],"tags":[2,32,63],"class_list":["post-22146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-free-members","category-news","category-precious-metals","category-tom-cloud","tag-public","tag-silver-eagles-2020","tag-silver-price-2020"],"_links":{"self":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/posts\/22146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/comments?post=22146"}],"version-history":[{"count":0,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/posts\/22146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/media\/22148"}],"wp:attachment":[{"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/media?parent=22146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/categories?post=22146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/srsroccoreport.com\/public\/wp-json\/wp\/v2\/tags?post=22146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}