We are either early in a new 8 year cycle or will be at some point in 2023 so the high for this next 8 year cycle is likely to be the high for this 16 year cycle.
Maybe it comes in 2025
That increases the odds of something like $3000 as next 8 yr cycle high/16 year cycle high
And this is all in the context of the 30 year cycle where this new high in 2025 would become the high for that cycle top
At some point #silver is going to break out and make a new ATH
We can use price action and cycles to identify that infection point
A thread...
There have been 4 weekly cycles since #silver had it's blow off top in August 2020. Everyone is waiting for the weekly cycle that will retest $30 or maybe even more.
During the COVID crash #silver printed a weekly swing high on week 11 of its weekly cycle and then declined 39% over the course of four weeks to a low of $11.64. That was a very short weekly cycle at 14 weeks.