While my primary work is with Gold and the U.S. stock market, I do follow the Silver market - as well as other markets, such as Oil and Crypto. With that, I wanted to take a look at the silver cycles, which tend to have a very high-correlation with the cycles in the Gold market.
Silver's 10-Day Cycle
For the very short-term, the smallest cycle that we track in most markets is the 10-day wave, which also shows up in the Silver market.
Here is that 10-day cycle:
Of key note with the recent action is that our 10-day detrend is showing a divergence from the recent lower price low - which is a near-term bullish signal for Silver.
This tends to lean the odds in favor of short-term price strength, with the ideal path looking for a rally back to the 20-day moving average or higher in the coming days, currently around the 63.07 figure, but declining slightly.
Having said the above, there is actually the potential for a bigger rally,...
