After peaking in August, silver prices entered a prolonged consolidation. The breakout above $20.00 in July confirmed a new bull market, and prices could retest that level in the coming days. We feel silver is approaching a major, long-term buying opportunity.
The final breakdown is underway as forecasted, and prices are approaching a major buying opportunity, in our opinion. The terminal crash into a cycle low is scary and usually lasts about a week. Our work supports a low in early November. Our ideal target is around $20.00 (± $1.00 dollar). We are very bullish on silver long-term and think prices will well exceed $100 this decade.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information, visit here.
AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle that will begin to unravel in 2020.
