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If history is anything to go by, the silver price is about to recover

by , 26 May 2014

The price of silver has been on a downward trajectory for the last few years. After hitting nearly $50 an ounce back in April 2011, it's now trading at around $19.60 an ounce. That's nearly 60% less. So what's going on with the metal? Is the silver price going to start climbing? Let's take a closer look at what's going on with the price of silver and where it could be going…

Silver’s bear markets over the past 40 years

Take a look at the chart below of the performance of the silver price during every bear market in silver…

Chart of silver bear markets

This chart shows every major bear market of silver in the past 40 years, Jeff Clark in The Crux explains. The black line in the chart represents the current bear market.

When you compare the current bear market with the seven others shown on the chart, notice this:
  • Four of these bear markets lasted longer than the current one.
  • Three of these bear markets didn’t last as long as the current one.
  • Four of these bear markets saw the silver price fall less than the current one.
  • Two of these bear markets saw the silver price fall about the same as the current one.
  • Only one of these bear markets saw the silver price falling much more than the current one as it stands.
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What lies in store for the silver price in 2014?

For the current bear market to match the two longest price falls, then the price of silver would remain low until October. To match the other two longer bear markets, the price of silver would remain low until this winter.

But looking back at the past 40 years, no bear market has lasted longer than what would take us to October. On the other hand, the price of silver may have already made its low.

From looking at the past four decades of silver prices, it appears that the current bear market is silver is nearing an end. And that at current levels of around $19.50, the silver price is set to start rising within the next five months.

So there you have it, why, the silver price is about to recover if history is anything to go by.



If history is anything to go by, the silver price is about to recover
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