Silver: Double Bottom Before Any Cyclical Upward Movement

The long-term silver chart shows - before any cyclical upward movement - an important element: a large double bottom. Not a double bottom for a short period, but for a long period. The period between the two lows varies between 2 and 4-5 years. The previous bottom was around the end of 2015 and, in fact, after 4 years we see an important reaction that broke a bearish trendline from the 2011 top. Buying the second bottom has always given - in subsequent years - strong gains (minimum +65% - max +1000%).

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