On December 24, 2023 it was noted that daily Engrbytrade™ Silver/U.S Dollar derivative calculations were moving quickly in a direction to complete a move out of its long term ascending triangle structure. The first chart shows silver moving out of this ascending triangle. The second chart indicates a rise in 2025 will be similar to 2010 – 2011. Trillions of Congressional approved Dollars between 2020 and 2022 have finally made their way through the system. This will drive silver prices much higher.
The following chart percentages are structural measurements not Fibonacci ratios.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
