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Silver Awaiting This Key Bull Market Signal

Commentaries & Views

Although gold has successfully signaled its bull market, silver is yet to convincingly do so. It may be true that silver follows gold, but the two can diverge for quite some time. So, it is essential that silver gives us a clear bull market signal to confirm that the bull is real.

The following technique could provide a way to track silver until it provides that clear bull market signal.

Below, is a long-term silver chart:


On the chart, I have marked two patterns 1 to 5, to show how the current period is similar to the period circa 1983.
If the comparison to the 1980s pattern is justified, and the current pattern continues in a similar fashion, by breaking down at the red line, then silver will go continue in a long bear market. If the current fractal diverge from the 80s fractal by breaking out at the green line, then the bull market will resume with vigor.

This means silver has a lot of work to do. However, with the stock market near all-time highs, interest rates near all time lows, and trust in governments near all-time lows; the current economic and political conditions are perfect for silver to perform extremely well.

For more on this and this kind of fractal analysis, you are welcome to subscribe to my premium service.

I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report. You can also subscribe to this blog (enter email at the top right of this page) to get my regular free gold and silver updates.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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