Silver May Explode

May 17, 2023

by Elliott Wave Trader Silver Seek

Approximately 12 years ago, I wrote my first public market prognostication and it was focused on gold. At the time, gold was enjoying a parabolic rally, and the discussion amongst the general public was how far past the $2,000 mark gold was going to strike during that rally.

So, on Aug. 11, 2011, I concluded my first gold article as follows:

“Again, since we are most probably in the final stages of this parabolic fifth wave “blow-off-top,” I would seriously consider anything approaching the $1,915 level to be a potential target for a top at this time.”

Needless to say, my first market prognostication was not met with tremendous support. These are a sample of the comments I received from readers when I was calling for a metals market top: