Silver

The long-term factor for silver based on the data so far. I have discussed this in previous long short reports. If a 5 wave advance from 1993 to 2011 completed the 1st wave of a new bull run in the subsequent correction to 2020 is wave 2. Wave 3 at that degree is equal to the 1st wave would take us to $ 166 over another 1 or 2 decades. This again presumes that time equality will exist, but time is not a science sometimes things can play out faster than expected. From the bottom of 2020 we may have completed the initial 1st and 2nd wave that the recent low of $ 21.87 from where wave 3 = 1 would give us a level of $ 55, slightly above the wave 1 high made in 2011.