Although gold has successfully signaled its bull market, silver is yet to convincingly do so. It may be true that silver follows gold, but the two can diverge for quite some time. So, it is essential that silver gives us a clear bull market signal to confirm that the bull is real.

The following technique could provide a way to track silver until it provides that clear bull market signal.

Below, is a long-term silver chart:

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, by breaking down at the red line, then silver will go continue in a long bear market. If the current fractal diverge from the 80s fractal by breaking out at the green line, then the bull market will resume with vigor.

This means silver has a lot of work to do. However, with the stock market near all-time highs, interest rates near all time lows, and trust in governments near all-time lows; the current economic and political conditions are perfect for silver to perform extremely well.

For more on this, and similar 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

“And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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