The present technical setup suggests that it is in a long term expanding triangle since 2004 and the present leg seems to be the last leg of this bull market. Earlier the upside legs are formed in 2006 and 2008.
Since, the first two legs seems to be alike and have same magnitude. So the final leg, which we are seeing now till 2010 is a extended one. Extensions happen when two legs tend have same characteristics.
For Gold none of the legs are extended. so, the rally is gold is clearly periodic and it is smooth. But for silver the final leg is extended, so it is seeing a big rally in 2010.
Since the present rally is in course since 2004, so far it has been in bull orbit for the past 6 years. This implies it is likely to followed by 6 years of bear market. Since the present rally is its final leg, silver is most likely to top in 2011.
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