SILVER - Could See $7 In 2029 🧐

Here is my preferred long term count on Silver.

Please note this is pure charting. There is no consideration of silver shortages and whatnot. That said, this looks a fairly straightforward count even though the time frame is long and I think it will be correct.

This count infers that price action since 1980 has been corrective on the highest time frame. If correct then at completion price will have completed a 50 year correction.

The recent pump since March 2020 is a clear-as-day B wave retracement, perfectly striking the 0.618 from top to bottom. The sudden short lived impulse to the upside suggests that the next leg down will form a C wave of a zig zag.

Similar to GOLD, there is a long term support that I think price will hit. Here with silver that support is a top from back in 1974.

The entire move will complete a regular flat Cycle wave correction.

There are multiple ways to estimate duration but a simple 1:1 takes price to 2029.

So there it is - $7 around 2029. See you there!



My long term GOLD count is linked below.