Silver bugs… patience required!
I was curious to see how much time silver needed to have monthly chart confirmed breakouts after gold did. I’m looking at 4 moments in time which launched meaningful runs.
1977-78 => 181 day before silver takes off…
2002-03 => 487 days before silver takes off…
2009-10 => 335 days before silver takes off…
2019-20 => ??? days before silver takes off…
334 average wait time… about 120 days in already…
The 2002-03 breakouts looks most analogous to today’s price action…