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Tracking The Silver Bull Market, by Hubert Moolman
The recent silver breakout means that silver is likely on an almost clear path to this target area (previously presented): (Click the thumbnail above, to expand.) The current bottoming pattern from around 2014 to now is very similar to the early-2000s’ bottoming pattern. I have highlighted two similar patterns (marked 1 to 5). The bottoming period of the early 2000s started when silver broke down at the black support line (bottom of the channel) in late 2000 and made a low at point 5. This is similar to the period since the breakdown at the blue support …
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