Silver Price Forecast: $150–$175 Target and the Molokai Nest

Silver has always been sort of “my baby!” This update looks at three silver charts, a 5-Hour, a 30-Minute and a 1-Day, and at how a nested Molokai Setup is built.

Silver, Then and Now

I made my first trade in silver in 1973 and had a decent piece of the Hunt Brothers’ runaway market in 1979-80. As per my previous post, I believe we will see $150/oz. to $175/oz. before too much more time has passed. You may want to read my earlier Hi-Yo Silver post from last year here on Substack.

But it is a tricky and sometimes frustrating market. Silver played with us like children from 1975 to 1979 before deciding to run! Those were frustrating years but, in the end, there was a nice payoff for our efforts.

I see silver today playing the same games. Right now, I think we are already in the 1979 phase, and the first run to $75.00/oz. could occur this year.

Here are three silver charts with my short analysis.

The 5-Hour Chart

This is the 5-Hour chart. A very nice Molokai Setup, though the Counts are off a little. The red arrow is the entry. But wait, there’s more!

Silver futures 5-Hour chart with a Molokai Setup and red entry arrow — Silver futures, 5-Hour chart. Chart courtesy of Investing.com.

The 30-Minute Chart

Here is the 30-Minute chart. A small Molokai, so we have the well-respected Molokai-Molokai NEST. If you look very closely by the red arrow, I would bet there is a mini-Molokai at the 5-Minute level, indicating a Double Nest. There is also fairly nice white space in the Setup.

Silver futures 30-Minute chart with a small Molokai forming a Molokai-Molokai Nest — Silver futures, 30-Minute chart. Chart courtesy of Investing.com.

The 1-Day Chart

Finally, here is the 1-Day chart. The Jumbo Count is just slightly off. Generally, I will consider half a square close enough to call it a cancel, especially when there are other factors like the M-M Nest to qualify the trade.

Silver futures 1-Day chart with a Setup and a Jumbo Count slightly off — Silver futures, 1-Day chart. Chart courtesy of Investing.com.

Charlie says: no single factor can make or break a trade candidate. It is always the balance of positive and negative factors, the preponderance of evidence.

TIP: Setups are buyer-seller struggles. Often the Setup doesn’t jump out and grab you visually. You must train yourself to follow the bars as the buyer-seller struggle proceeds. See my recent post on Charlie and Charts.

This is a personal market view written in 2025 for educational discussion. It is not investment advice or a guarantee of any price. Trading futures and metals involves substantial risk of loss.

Good Trading!

Michael Duane Archer

Keep Learning the Goodman Way

If this article was useful, these are the next steps:

The Method: propagation, intersection and the 3-C Principle, drawn plate by plate.
The Goodman Library: the books, from Goodman for Grasshoppers to The Goodman 6 & 6.
The Trader’s Playbook: the Molokai setup in one printed, numbered volume.
Mentoring: work one-on-one with the authors.

Educational onlyThis post is educational material. Nothing in it is a trade idea, signal or recommendation. Trading foreign exchange, futures and equities involves substantial risk of loss and is not suitable for every investor. Past performance is not indicative of future results.