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Lanmar
Oct 17, 2018 11:14 AM

Silver temporary bottom repeating? Long

Silver/U.S. DollarFXCM

Description

In 1980 the price of silver peaked at around 50 per ounce. 7 years later the price found a temporary bottom and rose about 75% from the low to its new high. In 2011 silver peaked at about 50 per ounce. 7 years later (where we presently are) silver may have printed a firm temporary bottom. I am not implying that same 75% move is in store for silver, but for now, the cycle is siding with the bulls.

Comment

If this is a real move higher, which looks like it will be, then 26 - 27 is next
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