E Silver: Will The Longest Bullish Reversal In History Break Out In 2022?

In doing our research for our silver forecast 2022 we were once again confronted with this insanely powerful long-term silver chart. It is a matter of time until silver (SLV) will break out, it might take many months, maybe even more than a year. But whenever bullish momentum kicks in silver will be unstoppable. The first bull run could and should start in 2022 is what we are thinking.

Silver, Bars, 5000 Grams, Real Value

Image Source: Pixabay

In writing our precious metals outlook we started with our gold forecast 2022 (you can read the summary in this TalkMarket post 3 Reasons Why Gold Will Be Shining Soon). That’s because gold tends to lead silver higher at any point in time with the exception of the last phase of secular bull markets (think 1979 and 2011).

In other words, until precious metals start their parabolic rise (last phase of this precious metals bull market that started in the summer of 2019) we have to think of gold as a leading indicator for silver.

We expect gold to perform well in 2022. Bullish momentum is expected to kick in when the Euro will start rising and when bond yields will be flat or declining.

That’s also when silver will be rising.

That said, we would summarize our silver prediction for 2022 as follows:

Provided the Euro resumes its uptrend and clears 115 points we see silver moving to 34.70 USD (with bullish momentum it could extend its rise to 40.70 USD).

Needless to say, any black swan event can derail this forecast. And that’s not just our forecast, a black swan event like the Corona crash last year will invalidate any forecast from any analyst.

Silver indicator: the silver chart with the longest and strongest bullish reversal ever

Although we work with several leading silver price indicators in our methodology we always ‘start with the chart’.

The longest timeframe of the silver chart, the quarterly on 50 years, is the one silver chart that truly stands out.

(Click on image to enlarge)

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