Silver Price Forecast

This silver chart is to the highest probability showing us what the future price of silver will be and when it will get there! This chart truly is a “Thing of beauty!” The reasons why this chart is not only a “Thing of Beauty” but also a gem beyond compare are listed and explained in this article.

The trend line on this chart has been placed in a position that touches every major high point. Every major high point arrived at a natural, predetermined Long Term Delta high turning point. These turning points are the numbers in the squares at the top and bottom of this silver chart. Every time the Relative Strength Indicator (RSI) black line crossed above the declining red line, silver made a new bull market high before a substantial prolonged correction began. That is EVERY time!! Once again, every time this chart made a new bull market high at a LTD high (number in the square) it touched the rising trend line. The final Coup de grace (death blow) to the silver bears, including so called manipulators, is the projection into the future of the trend line that has been touched by every silver major high point. The highest probability beyond question is that the next new major high will not only touch the rising trend line but also arrive at a Long-Term Delta (LTD) high. The next three possible LTD highs are placed at the trend line near the end of this chart.  LTD # 1 is shown as an inverted high. The price in order of arrival at the rising trend line is as follows:

1.  $121.00 at LTD # 5 high due Jan 14, 2015

2.  $134.00 at LTD # 1 high due June 17, 2015

3.  $161.00 at LTD # 2 high due February 17, 2016

Silver should reach another major high on the trend line at one of the three predetermined natural turning points shown at the end of this chart. I suspect that

[3] at the price of $161.00 will be it. If I am wrong and silver peaks at $121.00 or $134.00, I doubt that we will be disappointed.

The RSI black line once again has crossed above the red down trend line. 

If the price of silver reaches the numbers outlined on page 2 the earnings for Hecla Mining should be astronomical. Hecla’s cost of producing one ounce of silver at the current price of $20.00 is in the vicinity of $5.50 an ounce. Yes, I do own shares in Hecla Mining.

http://www.hecla-mining.com/