On February 18, 2024 research indicated silver was expected to move though its ascending triangle. As of March 6, 2025 silver has moved through its ascending triangle and has a Fibonacci structure similar to 1973. On December 24, 2023 major Economic Recovery and Bailout Package approvals were included. The 2020 – 2022 packages were significantly larger than what was approved between 1970 and 1972. This is expected to cause another wave of inflation and rising silver prices. At this point there is no indication silver will move away from the previous 1973 – 1974 chart structure. It is expected to move up to the 400% Fibonacci level.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
