On December 24, 2023 an ascending triangle was identified in silver with the expectation of it moving higher. This by itself would not necessarily support a sharp rise in the metal. It is the bailout and economic rescue plans approved by congress that flooded the economy with money. Going back to 1970 every time Congress approved a series of bills, it was followed by an increase in the price of metals. Typically, within a year of when the last bill was approved silver started to move higher. It has been 10 months 27 days since July 4, 2025 when President Trump approved the $3.4 trillion Big Beautiful Bill Act. This was noted on March 30, 2026. Even though silver moved up sharply in 2025, the next move up is expected to be parabolic.
References:
March 30, 2026 $3.4Trillion Economic Stimulus Package
December 24, 2024 Silver Ascending Triangle
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
