Correction In USD Should Take Silver Sharply Higher In Next 30 Days

The U.S. Dollar recently corrected upward but now appears ready to continue its move downward and this should light a fire under the price of Silver and see it undergo a 30-day run to around $38 per troy ounce as illustrated in the chart below. 

(Click on image to enlarge)

Conclusion

• There is a regular cycle for Silver to rise that starts now and extends until August 11th.
• The last time that Silver entered that cycle was last year when Silver went from $18 to $30.
• If we have a similar run this time around we could see Silver go up to around $38.
• Such a move in Silver would have a similar effect on the price of Gold which will be addressed “as the Dollar falls.”