Silver: 2008 Decline

The upcoming July 2022 to October 2022 silver futures chart structure is expected to be similar to the July 2008 to October 2008 structure with a move below $13 as stock markets collapse during the last half of 2022. Upon completing this decline, a long term move upward should occur based on $3.9 trillion of combined stimulus from the 2020 CARES Act and 2021 American Rescue Plan that will eventually make its way through the financial system and move into gold and silver as a hedge against a declining Dollar. The upcoming move after 2022 should be similar to what occurred after $999 billion from the Economic Stimulus Act of 2008 and American Recovery and Reinvestment Act of 2008 made its way through the financial system during 2009 and 2010.

Chart courtesy of StockCharts.com.

Disclaimer