Silver Prices Forecast 2018:
Previously, I have shown how conditions in the financial markets are very similar to that of the early 80s (circa 1983). Basically, the Dow was at a start of a long-term rally around 1983, and silver just broke down and entered a long-term bear market.
However, as I have predicted in that article, we would likely see a divergence, despite the similar conditions. Normally, when such a divergence occurs, then one gets a massive move in an opposite direction to the pattern or period compared to.
In this case, as you will see below, it is silver that will make a big move up, and continue its bull market, instead of going into a bear market, like it did in 1983:
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, then silver will go into a long bear market. However, as I have said previously, there are just too many fundamental obstacles to such a scenario, since silver appears to be ready for the next phase of the bull market which started around 2001.
It now appears that silver has, in fact diverged from the 1983-pattern, by bouncing off the red line (instead of breaking down). It now appears poised to move much higher. A breakout at the top red line, and you will never see it again at these low levels.
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.
Warm regards,
Hubert
