Silver is about to start the last part of its bullish reversal, on March 1st. We’ll be very brief: silver is wildly, wildly bullish IF it respects multi-year support and IF it continues on its current path. The market is probably going to crush our silver price forecast of 34.70 USD/oz. Why not a test of ATH in 2022?
In our gold article this weekend Gold Price: The Bullish Long Term Uptrend Is Now Confirmed we wrote:
Will gold break out next week? We don’t think so, because it’s too obvious as a breakout play now. Remember this: “The market is never obvious. It is designed to fool most of the people, most of the time.” We expect that the market will attract the attention to something else, maybe a flash crash in stocks as explained last week in Volatility A Pressure Cooker, Is A Flash Crash Underway? Once ‘everyone’ is focused on the other side of the market, we expect gold to take off.
This is important information because silver is a leveraged play on gold. Silver will follow, but will go much harder and much higher, as said repeatedly Silver: The Big, Really Big Breakout Underway.
That said, it is blatantly clear what silver is trying to do. In our latest weekend updates in our premium services we shared an absolutely incredible and phenomenal silver chart. In order to respect our premium members, we will not share it in the public but we encourage you to sign up to see the silver chart with the 3 month cycles.
We feature another, pretty accessible view of silver. In the end, the entire world is looking at the exact same pattern which shows resistance at 24 USD.
Since January, we have featured the grey box as the ultimate entry moment for silver related investments. The market is perfectly on track to offer a great buy opportunity in the next few weeks.
