Silver Is Now Officially In A New Secular Uptrend

Silver is now officially in a new secular bull market. In the early stages of this new bull market, the silver bull will be quiet and volatile, as explosive silver moves often occur in the later stages of the silver bull.

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To be clear, we are talking about a secular bull run, not a tactical bull run.

History shows that secular bull runs in silver take a few years.

History also shows that there are 3 waves higher (two correction waves), with the 3D wave being the exponential phase.

History rhymes, it does not repeat itself. It may be that this Silver Bull Run will only have two waves up.

Silver secular uptrend – the chart

We explained the following in our long-term analysis of the silver price chart:

• This long term chart pattern is a cup and handle formation.
• Those chart patterns are very powerful.
• The silver price chart screams ‘all-time highs’ (ATH).

Below you will find the silver price chart. We recommend that you read our premium silver warning “[SPECIAL EDITION] The most comprehensive silver analysis you will ever read,” published on August 10, 2024, available in our silver research section (accessible immediately after registration).

Here’s the thing: This secular silver card has some very important messages. More importantly, if there’s one thing silver investors need to know going forward, it’s an insight available on this chart.

Readers can also view the 12-month silver chart here, as well as daily silver price changes.

Silver is now officially in a new secular bull market

Drivers of the Silver Bull Run:

1. The regional banking crisis resulted in a massive monetary liquidity injection by the Fed. Precious metals tend to rise with monetary easing.
2. Gold and silver had no chance to adapt to the new reality of higher prices and wages. Precious metals had to wait for a delayed response once market conditions were favorable.
3. The USD has risen in 2022 to mid-2023. Gold and silver cannot create a bull market amid a rising USD. Once the USD started falling, it created space for silver to stage its bull run.
4. Above all, we have mentioned that a silver shortage is brewing, characterized by physical silver density.

In other words, there are more reasons why silver has entered a new bull market after underperforming in the 2021 – 2023 period.

READ – Can Silver Price Rise to $100?

Understanding the current silver bull

A silver bull market occurs when silver prices rise for a sustained period, usually driven by strong demand and market sentiment.

This isn’t just a short-term spike, but a secular silver uptrend where the price of silver rises continuously for a significant period of time. The current Silver Bull is gaining popularity thanks to a number of important drivers:

1. Inflation and economic conditions: As inflation continues to rise, more and more investors are looking to precious metals like silver to hedge against declining purchasing power. Unlike fiat currencies, silver is viewed as a tangible asset that retains value over time, making it a favorite choice for those seeking stability.
2. Industrial demand: Silver is unique among precious metals because it serves a dual role: both as a store of value and as a critical industrial asset. From electronics to solar panels, demand for silver is driven by its essential use in high-tech applications. As industries expand and technology advances, this industrial demand is expected to strengthen the silver bull.
3. Geopolitical tensions: Global geopolitical instability often drives investors to safe-haven assets. Silver, along with gold, is considered a reliable store of value in times of uncertainty. As tensions rise globally, silver bulls are finding more and more reasons to support their bullish stance on the metal.

The momentum behind silver bulls

Silver bulls are investors who remain optimistic about silver’s long-term prospects.

As evidenced by the long-term silver price charts, silver bulls believe that market conditions are ripe for a sustained silver bull run.

The bullish case for silver is not just about inflation or industrial demand, but also about the historical patterns of precious metals. Historically, when gold experiences a bull run, silver often follows, sometimes with even greater volatility and returns.

This dynamic creates an attractive scenario for silver bulls looking to capitalize on silver’s ability to outperform during precious metals rallies.

Why this silver bull run is different

This silver bull run is unique due to the convergence of multiple macroeconomic factors. Unlike previous cycles where one or two catalysts could have determined the price, this time we see a multi-pronged approach:

• Decarbonization and green energy: Silver’s essential role in photovoltaic cells makes it crucial for solar energy, a fast-growing sector. As countries around the world push for greener energy solutions, demand for silver is poised to soar, reinforcing the silver bull market.
• Monetary policy: As central banks around the world continue to implement loose monetary policies, the value of fiat currencies remains under pressure. Silver bulls argue that these conditions pave the way for silver’s brilliance as a store of value.
• Technological progress: Beyond ordinary solar panelssilver is used in emerging technologies, including electric vehicles and 5G infrastructure. As these technologies gain traction, industrial demand for silver adds another layer to the silver bull story.

These are megatrends for the coming years. The silver secular uptrend has a good foundation for the coming years.

How to ride the silver bull run

For those interested in riding this Silver Bull Run, there are several strategies to consider:

1. Physical silver: Buying physical silver, such as coins or bars, is a traditional approach to investing in the metal. This method allows investors to own tangible assets that can be stored and sold when prices spike.
2. Silver ETFs: Exchange traded funds (ETFs) offer an easy way to gain exposure to silver without having to store the physical metal. They are especially popular among silver bulls who want to participate in the silver bull run without the logistics of physical ownership.
3. Silver mining shares: Investing in silver mining companies can provide leveraged exposure to silver prices. When the price of silver rises, mining companies often see their stock prices rise at an even faster pace, making this a favored approach among aggressive silver bulls.

Are you ready to battle the silver bulls?

As the silver bull run continues to gain momentum, the opportunities for investors are growing.

Whether you’re a seasoned silver bull or are just starting to think about the potential of silver as part of your portfolio, current market conditions suggest a compelling case for silver.

With inflation rising slightly, technological advancements and rising industrial demand driving the narrative, this could be the perfect time to join the silver bulls and take advantage of this long-term uptrend.