Silver Is Breaking Out - Here's What You Need To Know (Technical Analysis)

Summary

• I’ve been consistently bullish on silver and have been pointing out the key signals to watch for a breakout from its prolonged consolidation of the past year.
• Yesterday, the SSPI initially rallied - driven by a sharp upward move in copper - but as copper gave back much of its gains, the SSPI failed to close above the key 3,000 level.
• Silver junior mining stocks, as tracked by the SILJ ETF, are even more volatile than their larger-cap counterparts—and offer even greater profit potential during bull markets.

Richard Drury

By Jesse Colombo

Silver futures have broken out, delivering a strong bullish signal—but I’m still looking for additional confirmation to strengthen the case.

I’ve been consistently bullish on silver and have been pointing out the key signals