Cycle Low in Silver, Gold? Inflation Hedges Take Off

NYSE:AG   First Majestic Silver Corp

It takes zooming out at least 20 years to feel good about buying gold or silver , traditional inflation hedges.

It's been a boring asset class since the Federal Reserve began its most recent monetary experiment, but as we all know, the piper will get paid.

Regardless - silver (shown) and gold are hinting at cycle price lows. After breaching a year-long trendline and triggering selling pressure, silver prices held support over the previous major low before forming what now may be a H&S Bottom, as defined by Edwards & Magee (1951).


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