Silver Cycles
I have noticed an interesting trend in Silver since the Covid lows. Every September has been a major low with a trend line break. The previous two to the one we are in now failed, with sometime in September marking the low. It looks like last September will hold as a longer term cycle low, but we may still have a September 2023 low out there still. If the trend continues it would break the uptrend from September 2022. I find this interesting as this would get the current silver bulls to think the bears were right and that a new low was coming, and the bears would get over confident their longer term low is still out there. Time will tell, but keep an eye out for September as it may be a time to add to positions or back up the truck if you have been waiting.
Good Observation Gus