On our Yearly Hedging Model, we are currently long on our short-term
models since 2020, when we had the outside reversal to the upside.
However, on the long-term, we remain long since 1991 when silver
bottomed at 3.505. This position should be maintained provided this market
remains on a Yearly closing basis above $26. If you want to reduce the exit
strategy, then use a Quarterly closing below $36 or a Monthly closing below $45.
Silver peaked in January 2026 at $121.785 and has fallen back to the $55 level.
The highest monthly closing took place in February. Our computer has been
projecting the first possible target for a near-term low in the 4th Quarter 2026.
However, we have three consecutive Directional Changes from, the 4th Quarter
2026 into the 2nd quarter 2027, pointing to choppiness.

What-If Yearly Bullish Reversals for today's theoretical year-end closing. This is on
all four dimensions, implying we are still in a broader bullish trend for now. Keep in
mind that these are what-if reversals good EXCLUSIVELY for today only.
During this year, we have exceeded last year's high intraday during January with
the highest Monthly closing in February 2026 at $93.291, thereby making a new
historical major high to date. Nevertheless, this is 11 years up from the key low of
2015 warning that a temporary high is possible. A Monthly closing below $45.99
would tend to warn of a test of the $40 level. Only a monthly closing below that
would point to a test of the major support area at $3400.