Silver: Hurst Cycles - 8th July 2022

The 40 week nominal low fails to provide a bullish 80 day component, calling into question the placement of this component. We look at the cyclical trading options amidst some typical uncertainty

Tools required: Nominal Model | FLD | FLD Trading Strategy | FLD Trading Strategy (Advanced) | Principle of Nominality | Underlying Trend

Analysis Summary

Expectations of a significant bounce from the 40 week nominal low, detailed in our last report into Silver were diminished by a bearish first 80 day component. Price failed to hold 20.45 and is now progressing into the 80 day nominal low, detailed below in the chart and trading strategy sections.