On March 7, 2024 an ascending triangle was provided for silver and gold. This noted the need for confirmation in silver before moving significantly higher. In addition to this, the following charts provide a perspective on silver’s current ascending triangle position compared to 1973. An initial move similar to what occurred in the first quarter of 1974 is expected. Economic reasons for this move are outlined on the December 24, 2023 post.
Stock charts courtesy of StockCharts.com.
