Silver Price Forecast And The Next Big Rally

September 20, 2019

silver coins

At the beginning of a bull market silver commonly lags gold prices - that's nothing new. The lag lasts about a year before silver prices go on an epic run to catch its big brother. The breakout in gold above $1400 started the countdown to an explosive move in silver that could begin later this year.

Silver Confirmed A New Bull Market

One of the simplest ways to determine bull and bear markets is with long-term moving averages. Getting rid of price and leaving just the 10-week and 200-week moving averages we see key turning points in silver. In April 2013 the 10-week EMA crossed below the 200-week MA and confirmed the bear market in silver.

Fast-forward to now - after several failed attempts to break above the 200-week MA in 2016, 2017 and 2018 silver finally succeeded in August 2019 approving a new bull market.

The Next Big Rally

At the bottom of the chart, you'll see the price of gold. After breaking down in 2013, gold entered a prolonged bottoming process. In June 2019, prices exceeded the 2016 high and recently tested the breakdown zone between $1525 - $1550. Silver should match its big brother next year and challenge $26.00 - $28.00.

Near-Term Silver Outlook

Over the next month or two, we expect a cyclical decline in silver back to support near $16.00. That could become the launching point for an explosive rally as silver matches gold to examine the 2013 breakdown zone.

Though silver remains below the $21.23 high set in 2016, its plight is likely temporary. With governments pushing negative interest rates globally, it's likely just a matter of time before investors wake up and choose hard assets over pathetic paper promises.

The bull market in precious metals is just getting started. The next 6-month low may be one of the last great buying opportunities.

AG Thorson is a registered CMT and expert in technical analysis. He believes we are in the final stages of a global debt super-cycle. For more information, please visit


FREE Silver Phoenix 500 Newsletter!

  • Fresh insights on the Silver market and the economy
  • Leading authors from around the world
  • Always free
  • Stay informed!!


AG Thorson

AG is an accredited CMT through the MTA and the editor of His members receive daily updates and regularly scheduled reports 3-days a week. He prides himself on making his analysis easy to understand through the use of adaptive and creative charting methods. You can reach AG at

The Fourth Coinage Act of 1873 embraced the gold standard and demonetized silver, known as the “Crime of 73”