In order for our bullish silver forecast 2023 to materialize, we absolutely need a pullback. To be more precise, we need a pullback in the form of a bullish reversal. Price does not go up in one straight line. Bullish price action comes with a series of bullish pattern. In the case of silver, a series of bullish reversal is required before silver is ready for ‘the big pump’. This is why March 1st, 2023, is an important date.
Before looking at HOW to handle March 1st, as it relates to silver investing, we need to understand WHY this date is important.
In fact, we explained it a few weeks ago when we wrote Silver: Here Is Why February 15th, 2023 Really Matters:
In this article, we include one of the many silver charts that we shared in our latest research note to premium members. This particular silver chart looks at price, we also have charts that track the silver time cycles or indicate when price moves are stretched.
We believe a pullback is underway as suggested by the ongoing rounded chart pattern. Just to be clear, this pullback is not concerning, it’s a buy opportunity.
So, when to buy? Well, from our chart pattern we can derive that February 15th (+/- 3 days) might be a good moment to evaluate an entry. It might not be the perfect entry, it’s a good moment to asses both price and time on the silver charts.
That’s what we wrote back then. It explains the important distinction between looking at a chart from a price perspective vs. looking at a chart from a timeline perspective.
We are doing both: analyzing price separately from the timeline. Eventually, both need to come together.
That’s the whole point about our analysis. We derive March 1st, 2023 (+/- 3 days) as a decisive date. Whatever happens in that window (+/- 3 days) should bring clarity which is where price analysis kicks in.