CHRISTOPHER AARON: Silver has just broken HIGHER from short-term consolidation - next TARGET = $38.65!

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Silver has just broken higher out of a short-term consolidation. This price behavior results in a target of $38.65, a 16% anticipated gain for silver over the months ahead. For investors seeking increased profit above this figure, silver miners have recently begun to provide positive leverage above and beyond the bullion price.

Silver’s breakout is clear to see on the chart above. Note the five-month cup consolidation below the $32.50 figure (black dashed line). This consolidation began in May, and has just recently broken upward to trigger the pattern.

In the case of silver, the consolidation had an amplitude of $6.15 below the breakout point. We can reasonably now expect that $6.15 worth of short-sellers and hedgers will be incentivized to cover those positions. Silver thus has a reasonable target of $6.15 + $32.50, yielding a target of $38.65 for the coming months.

Timing the Target

We now need to place silver’s $38.65 target into the visible pattern boundaries in order to project an anticipated timeline for the advance.

Note the wedge-like pattern (blue dashed lines) that is forming in the silver market, with both sellers and buyers emerging at higher intervals since 2022. When we place the amplitude target of $38.65 within the visible pattern, we see that silver should be expected to achieve its target no later than Q2 – Q3 of 2025.

CONTINUED…

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