It`s been a while coming. Overnight trading indicates a breakout over the resistance level for Silver. The charts say more could come. $ 22.50 is the next resistance level. There has been solid accumulation and a nice steady rise, different from the prior runnup to $ 25.00 and indicating more than a short squeeze.
With Gold the next resistance level is $ 1360.00. Considering all things the momentum has reversed to the bullish side with silver following also. Again I`d like to say this runnup is different than the prior run with the candlesticks indicating accumulation. Short covering is likely to happen as usual.
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