|2016.03.04 Silver Cycle Model Chart|
The current silver cycle model illustrates the nice reversal to the predictive curve that was indicated on the last run of the model on 2016.02.12 as shown below and here on the blog.
Notice that the difference between the actual curve and predictive curve, as indicated by a large negative Z-score suggested a reversal was highly likely.
Inasmuch as we note no evidence of a phase change for now, I would interpret the model as indicating that a local maximum in price may occur in the May 2016 time frame.
|2016.02.12 Silver Cycle Model Chart|