Hello everyone, this is Steve Roy, with the Equity Management Academy, where our focus is managing wealth, through education. Today is Friday, January 4th of 2013. This is OUR forecast for Silver prices for 2013 and beyond. This analysis uses our own proprietary indicators, Fibonacci cycles, W.D.Gann analysis, as well as wave analysis (not necessarily that of Elliott).
First, we are looking at a monthly continuation chart going back to 1971. I have used the Fibonacci expansion tool using a low in 1971 to the high in 1980. The 1.618% expansion of that move is $66.26, the 200% expansion is $81.56, and the 2.618% expansion is $106.31. I will base the rest of this analysis from the low in November, 2001 at $7.61, here.