Saad Ullah
⬤ The Amplify Junior Silver Miners ETF (SILJ) just started a new market cycle after forming a bottom about two weeks ago. The pattern and notes that similar phases historically last around three to three and a half months.
⬤ Looking at the chart, you can see several previous runs that match this setup - rallies hitting roughly 85%, 82%, and 80%. Each one took off after forming a rounding bottom and then pushed higher for weeks. Right now SILJ is trading in the mid-$30s, which lines up pretty well with where past cycles began. This lines up with what we saw in Silver price poised for breakout as miners eye 12-year resistance, where mining stocks moved in sync with broader precious metals strength.
"The cycle started roughly two weeks ago and historically similar phases in SILJ last around three to three and a half months."
⬤ If this pattern holds, SILJ could hit at least $60 somewhere between late April and mid-May. We've seen this kind of momentum before across the mining sector, like in Silver $75-$80 parabolic rally with 25% upside, where strong silver moves translated into even bigger gains for junior miners.
⬤ The repeating cycle length and percentage gains suggest SILJ might stick to its historical playbook. The next few months will show whether this rally develops the same way previous cycles did. If the pattern continues, junior silver miners could be heading into their strongest stretch of the year.
Saad Ullah
