As volatility continues to increase, silver is expected to start moving up exponentially between August 2020 and February 2021. Based on the latest run up to the $30 mark in overseas trading, calculations now show a drop below the $24 mark before moving higher. The next level for silver is expected to be in the $70 range by October 2020.
Silver: Sharp Decline Warning
Be aware that calculations indicate Commercial Futures Traders are planning to start a sharp structural decline in silver this week with potential intraday futures trading below the $18 mark over the next several trading days.
Silver: August 2020 Decline
Final structural calculations for silver indicate a decline starting August 6, 2020 (+/- 1 trading day) and moving down to $20.60 (+/- 0.60) by August 14, 2020 (+/- 1 trading day). This move is expected to occur during the decline of the Dow, as noted on July 23, 2020.
Silver: U.S. Dollar Alignment
At this point in time silver has entered a range where its relative value is out of alignment with the U.S. Dollar. A brief pullback is expected, as mentioned on July 21, 2020, prior to moving significantly higher.
Silver: Short Term Move
Short term calculations indicate a brief pullback in silver is expected going into mid-August before starting a significant move upward during the last four months of 2020. A price target of $40 is expected by the end of October 2020. Preliminary calculations indicate a silver price of $80 by January 2021.
Silver: Accumulation Effort
There is a 28% chance that silver will drop below 15.00 during the Dow’s upcoming decline, as noted on June 26, 2020. If silver drops below 15.00 it will confirm a major accumulation effort is nearing its end and higher silver prices are expected during the last half of 2020 and first quarter of 2021.
Silver: Silver vs. Gold
Based on Silver’s current trading structure, it is expected to follow a similar pattern as gold. A low in the range of $16.75 is expected by July 6, 2020 prior to moving higher.
Dow and Silver: Rising Wedge
Observing one hour charts for the Dow and Silver, it appears they are near the end of a rising wedge formation before starting their decline.
Gold and Silver: 2020
The latest engrbytrade gold and silver model pricing timelines are decreasing at a rapid rate as the Federal Reserve continues to inject trillions of dollars into the financial system. The Federal Reserve has chosen a path that will force hard asset prices to move significantly higher by mid-2020. The first level expected for gold is in the $2450 range and silver in the $100 range. Volatility will increase as demand for gold and silver accelerates.
Silver: 2020 Low
As the stock market declines, structural calculations indicate silver is expected to decline to 10.75 (+/- 5%) by April 23, 2020 (+/- 1 trading day) for a final 2020 low prior to moving back up to 18.00 in May 2020. Preliminary calculations indicate silver prices in the $50 range during 2021.
Silver: 2020+ Perspective
Viewing silver over the long term on a logarithmic chart provides the perspective of an ascending triangle structure, as shown in the chart above. With this perspective, the expectation would be for silver to move back up to its horizontal trend line near the $50 mark. This would be followed by a pullback to the upper 20’s and then move on to a theoretical level of $80.
Gold & Silver Trend
Palladium is providing a preview of what will occur with Gold and Silver. On August 16, 2018 palladium hit a low of 815.20 and is currently above 2300. Recent structures in palladium, gold and silver indicate the acceleration rates for gold and silver will continue to increase. By April 2021, this will place gold near the $4600 mark while silver peaks near $89. Gold is still expected to move sideways in a relatively narrow trading range until mid to late February before moving higher.
Gold & Silver Projection for 2021
As noted on November 23, 2019, the current rate of change for gold brought its price within 1% of the $1570 ($1554.30-$1585.70) price target today with a high of $1556.05 at 1:39 p.m. EST. If the current rate of acceleration continues, gold and silver are expected to reach $4,400 and $50, respectively by mid-2021.
Gold and Silver Peak
Commercial Traders data and structural computer models indicate plans are in place to initiate a decline in Gold and Silver over the next several months. This decline is part of a structure where the metals are expected to follow stock markets to lower levels with gold and silver reaching 1247 and 14.95 respectively by April 2020. This will setup the metals for a continuation of their long-term move to significantly higher levels over the next several years.
Gold and Silver Update
Commercial traders are positioning for a decline during the remaining months of 2019 with a rapid rise in the price of gold to a peak of $1510.13 on August 7, 2019. This coming decline is expected to move the price of gold down to $1250 before continuing its long term move upward. The Dow’s decline will also affect silver. A move down to the $14.00 range for a very brief time during the stock market decline would be expected.
Silver’s Low Within Range
Silver is now within 4% of its targeted range, as noted in the May 3, 2019 post, “Silver Low”. It is expected to stay in this range until May 30, 2019 and then slowly start moving up to the $25 range over the next two and one half years.
(Disclaimer)
Silver Low
Silver continues to move within range of a low last seen during late November 2018. The current move is expected to push silver to a low of 14.20(+/-4%) by May 27, 2019. From this low range, silver is expected to move up to 25.00 (+/-4%) by June 15, 2021.
(Disclaimer)
Final Low In Silver
Preliminary calculations, based on data up to March 8, 2018 indicate $14.35 (+/- 1/2 %) should be the expected final low in silver during the week of April 15, 2019. If Gold Banks and Commercial Futures Traders follow through with their long term plans based on historical trading data, notional figures indicate silver is expected move above $100 on or before August 2025. Additional research will be needed to update the model as time progresses.
(Disclaimer)
Pullback in Silver Starting
As noted on January 27, 2019, silver has started its decline and is expected to drop below the $14 level for a final long-term accumulation opportunity. Commercial Futures Traders have been accumulating short positions since November 2018 in preparations for this decline. With respect to this long-term accumulation, it is expected that silver will be in the $20 range by 2021, and continue to move higher, eventually going parabolic to the $60 range in several years.
Final Decline for Silver
Indicators show the stock market should start moving lower in a matter of days and the Dow is expected drop below 21,000 within the next 60 days. At the same time, silver is expected to drop below the $14 mark for a brief period of time. This move will be the final leg down for silver before heading significantly higher over the next several years.