Favorable conditions are likely to propel silver much higher

Hubert Moolman/1-6-2020

“With the significant decline in the US Monetary Base since 2016, there are some serious threats facing the monetary system. These are setting up really favourable conditions for Silver prices and the position it has in the international monetary system. The expectation for much higher Silver prices are certainly reflected in the charts. I have previously presented this chart (now updated) to show how the current bottoming process (2015 to 2018) is similar to that of 2001 to 2003 . . .”

Annotated line chart for silver showing Elliot Wave count

USAGOLD note:  Moolman goes on to say that “this time we will likely see far greater price increases in a shorter period, especially given the serious threats facing the monetary system.”  Though Moolman’s thesis is intriguing to say the least, we feel the necessity to caution once again that past performance is no guarantee of future results.  His chart is reproduced with permission.

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