On the chart, the first phase of the silver bull market was from 1993 to the end of 2001, and the second phase is potentially from 2001 to the end of 2015.

It appears that there is a similarity between the two phases. I have drawn some lines, and marked some patterns to show how they could be similar.

The first phase is marked 1 to 3, in black, and the second 1 to 3, in blue. Both of the phases appear to occur within in a broadening channel, from which they both broke down, before point 3.

From point 3 there was a consolidation that ended at a new point 1. The first phase managed to get back inside the broadening channel. If the current pattern follows, then we could have a big rally soon.

Price appears to be after the start of a new point 1, and a confirmation would come when price breaks out of the triangle (consolidation) – provided that price do not break down from the triangle instead.

Silver is now very close to the breakout, which could come as early as this week. A successful breakout could see a very big move over the coming weeks.

Gold has also made a significant breakout. For more on this and this kind of fractal analysis, you are welcome to subscribe to my premium service.
I have also recently completed a Silver Fractal Analysis Report as well as a Gold Fractal Analysis Report. You can also subscribe to this blog (enter email at the top right of this page) to get my regular free gold and silver updates.

Warm regards,

Hubert

“And it shall come to pass, that whosoever shall call on the name of the Lord shall be saved”

http://hubertmoolman.wordpress.com/

You can email any comments to hubert@hgmandassociates.co.za

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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