My cycles man was right on the button. Here is report from...

My cycles man was right on the button. Here is report from today.

Silver peaked in lockstep with its weekly trend pattern and reversed lower during the week after its weekly 21 MAC had turned down. It has already fulfilled the minimum downside target for this ‘C’ wave decline - dropping below the mid-Dec low while matching the magnitude of its ‘A’ wave decline (Oct - Dec ’24 decline).

Silver was expected to find is most significant support near 27.60/SIK - its 4th wave of lesser degree support - and likely set a 3 - 6 month (or longer) bottom near there. That is also the downside target that has been described since the late-October ’24 peak.

Silver reached 27.545/SIK today - fulfilling these major downside targets - and now has a very good chance of beginning a new wave higher from that support.

From a timing perspective, Silver has fulfilled the potential to mirror the duration of its largest previous decline (22 - 23 weeks) and set the stage for a major low in April 2025 - 180 degrees from its Oct ’24 peak and ~360 degrees prior to major cycles that peak in ~April 2026.