ΣL Silver Composite - 30th October 2023 | @ 288 Days | - 0.24%
Last trade: - 0.24% | 'A' class signal: Sigma-L Silver Composite (XAG vs USD/GBP/EUR/CAD/CHF/AUD). Average wavelength of 288 Days over 7 completed sample iterations since June 2018. Currently peaking.
ΣL Cycle Summary
This feature is a coherent long term wave in Silver, against major fiat currencies. Within the analysis we have the last low iteration occurring around June 2023, resulting in a generally sideways first half of the component to now-time, helped in no small part by the increased power at the wave around 140 days. With the longer wave detailed here currently peaking at the current wavelength, the next low is due near the end of the first quarter 2024.
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