Silver is currently going for a major breakout.
The current silver bottoming process is very similar to that of 2001 to 2003. It took a while for silver to establish a base which set up the bull rally in the following years to 2011.
A key difference between silver and gold prices is the fact that silver already bottomed in 1993, whereas gold bottomed only in 1999.
Silver Price Forecast 2019/2018: These Indicators Are Predicting New All-time High Silver Prices The Dow/Gold ratio is a very reliable measure for where we are on the long-term economic timetable. It allows for an accurate reading of key economic conditions that are present at a particular period of time. With regards to silver, the period…
Silver used to be a significant part of the monetary base in many countries. You could find it as part of monetary reserves together with gold, as well as coinage in circulation.
Let’s take a look at silver priced in oil (WTI Crude), the Dow and US dollars:
Silver is running out of time and space (on the chart) to decide where it will go over the next months and years.