|2015.06.04 Silver Cycle Model Chart|
The silver cycle model suggests mild downward pressure on silver prices until the August 2015 time frame. A model run from early this year shows what to expect with extreme Z-scores. In March, 2015 a major divergence between the predictive curve and the actual price is seen, suggesting a very strong possibility of reversal, which subsequently occurred. This is shown below and here on the blog. And finally, a reminder that "all models are wrong, some are useful."
|2015.02.23 Silver Cycle Model Chart|