I am predicting a major breakout to the upside for Silver in the coming months. Unlike Gold, Silver is still very cheap to buy into currently and hold as a long term investment. Gold & Silver are both following similar directions and are bullish for the foreseeable future in order to complete the final wave of the overall bullish cycle. Fundamentally, the government & media constantly talking about inflation soaring, will support our Silver buys.
On the bigger timeframe, Silver still has to complete Wave 5 of the bullish cycle before we can see a multi year downtrend start. Of course we won't see a straight line up, so we will see Silver move in waves to the upside in a 3 wave cycle. We have just completed Wave 2 of the correction, or just about to with a slightly smaller drop. But overall, Silver is getting ready to rocket to ALL TIME HIGH'S! 🚀
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On the bigger timeframe, Silver still has to complete Wave 5 of the bullish cycle before we can see a multi year downtrend start. Of course we won't see a straight line up, so we will see Silver move in waves to the upside in a 3 wave cycle. We have just completed Wave 2 of the correction, or just about to with a slightly smaller drop. But overall, Silver is getting ready to rocket to ALL TIME HIGH'S! 🚀
All of my socials are listed on my TradingView profile. Feel free to follow my TradingView in order to keep up to date with all the latest analysis. Drop a like if you agree with this chart analysis or let me know if you disagree!