Silver Futures Soaring Before Tomorrow’s Inflation Update

Silver may be front-running tomorrow’s number.

If silver maintains bullish momentum after tomorrow’s data, it could be off to the races from here.

In our most bullish scenario, silver could breakout above $30.00 as soon as May.

Silver Cycle Lows

The 4-month intermediate cycle in silver has been reasonably consistent. The last cycle bottomed in December 2021. The next cycle bottom is due around now.

Silver Daily Futures Forecast

Currently, silver is breaking above the correction trendline. Perhaps the cycle low arrived a few days early (on April 6^th). Maybe prices bottomed ahead of tomorrow’s CPI data.

Upside follow-through that stays above $26.00 would support a strong move higher and a potential breakout above $30.00.

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 regular updates, please visit here.