Silver: Mirroring July; Over $20 in March: Prepare for it!

At current time, both Silver and Gold are in mid-cycle consolidations (not corrections) and it is highly improbable that the current key levels/values (~1550 for Gold and around 17.65-17.75 for Silver) fails to hold. Any deviation from these values will be bought and the price will bounce towards these ranges as we gear up for the next leg higher. This has been the case several times already.

Technical analysis points to Gold reaching 1700+ sometime in March, with Silver reaching 21+ in the similar time-frame.

Dating back to December, I forecasted this run-up for JNUG and USLV (Gold and Silver respectively) and this pattern still holds true.

- zSplit