Silver Is Ready To
Take Out Key Levels
28 August 2019
Silver is now ready
to follow gold and successfully signal its bull market. In fact, it
is important that silver do so, in order to provide another
confirmation that gold’s recent rally is “real”.
The following
technique (as presented previously)
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
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.
Silver has now made
significant moves over the last couple of months, and appears ready
to confirm the bull market.
Once it breaks
through the above key levels, it would confirm that it follows this
pattern, below:
It still has a lot of work to do, but this is likely to happen quickly now. The stock market is still near all-time highs, and is looking very vulnerable to a massive collapse. This will provide the acceleration that silver needs to move even faster.
For more on this and this kind of fractal analysis, you are
welcome to subscribe to my premium
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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.
Warm regards,
Hubert Moolman
