By It appears that there is a similarity between the two phases. I have drawn some lines, and marked some patterns to show how they could be similar.
The first phase is marked 1 to 3, in black, and the second 1 to 3, in blue. Both of the phases appear to occur within in a broadening channel, from which they both broke down, before point 3.
From point 3 there was a consolidation that ended at a new point 1. The first phase managed to get back inside the broadening channel. If the current pattern follows, then we could have a big rally soon.
Silver is currently going for a major breakout.
Here is a chart I featured months ago:
(click to enlarge)
On the chart, the first phase of the silver bull market was from 1993 to the end of 2001, and the second phase is potentially from 2001 to the end of 2015.
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