Silver is consolidating. That’s a good thing, not a bad thing. A consolidation enables a market to gather strength. For silver, it means that it is going take its time to prepare for its next leg higher because it has to move to our bullish target defined in our silver forecast 2023.

We said that an epic buy opportunity in silver is underway, and we mentioned the drivers. Here is a date that you may want to watch based on the chart we shared in our latest research note to Momentum Investing members.

As a refresher, here we highlight the articles that we wrote in the public domain with valuable insights about the silver market and silver opportunities:

• Another Silver Leading Indicator Turning Bullish As 2023 Kicks Off.
• Silver: A Divergence Of Epic And Historic Proportions.
• One Silver Chart Justifies ‘Buy The Dip’ For Long Term Positions.
• Why Junior Silver Miners Will Have An Amazing 2023.

We are aware that we are beating a dead horse, but maybe, just maybe, there is a good reason for this.

From time to time, we feature a chart from our premium services. In this article, we include one of the many silver charts that we shared in our latest research note to premium members. This particular silver chart looks at the price, though we also feature charts that track silver's time cycles or indicate when price moves are stretched (in either direction).

As seen below, silver concluded a long-term bullish reversal. It took eight months or so for silver to complete this rounded bullish reversal. Right now, there is a smaller, more tactical, bearish pattern clear in its charts. We believe the downside is contained, yet we still believe a pullback is underway, as suggested by the ongoing rounded chart pattern.

Just to be clear, this pullback is not concerning. Rather, it’s a buy opportunity. So, when is a good time to buy?

Well, from our chart pattern, we can derive that Feb. 15 (give or take three days) might be a good moment to evaluate an entry. It might not be the perfect entry, but it would be a good moment to asses both price and time on the silver charts.

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