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Summary
- Silver has recently come out of the bottoming pattern that started around 2014 when silver broke down below the channel.
- There will come a time when silver could be considered expensive, but that will probably only be another $1000 or more higher.
- In a pr…
Summary
- Silver has recently come out of the bottoming pattern that started around 2014 when silver broke down below the channel.
- There will come a time when silver could be considered expensive, but that will probably only be another $1000 or more higher.
- In a previous article I have shown how significant silver peaks occurred within 8.5 years after the Dow/gold ratio peak, with the Great Depression silver peak occurring the soonest (6 to 7 years after).
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Even with the successful breakout of the $50 level, silver is still cheap, as pointed out in the chart below.
Silver has recently come out of the bottoming pattern that started around 2014 when silver
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Quick Insights
Silver is still considered cheap, as it remains below the long-term channel, with significant upside potential before reaching overvalued territory.
Silver historically peaks within 8.5 years after a Dow/gold ratio peak; with 15 months remaining in this window, a sustained rally is likely.
The combination of the bottoming pattern and historical rally duration suggests silver could appreciate substantially over the next 15 months.