Is silver about to break out? Commodities by themselves are not deflationary! They are dug out of the earth, and that both needs technology and people! The demand for gold and silver is higher, it becomes even higher when there is an industrial application to it.
Along with inflation, it cost more and more to refine and dig out Silver/Gold! it cost more for machinery and people. Is Silver about to break out, this will be the 3rd time it will hit resistance, and this breaks then all the algo's will follow and drive it higher and higher.
Its been a very long time since we had a commodity super cycle.
Silvergold
Silver to Shine AgainTraders Silver is under performing when it comes to precious metals.
the previous fall completed a retest of previous big wave 4 so the current count up im considering impulsive that means more room for upside momentum.
first target is 25.50 however if broken we can see easily higher numbers.
the trendline is not what it takes to enter a trade but i like it in this scenario.