Silver is still in consolidation mode since early September, but it appears ready to rally over a sustained period of time. Below, is a chart of silver: On the chart there appears to have formed some fractals. The current one has also broken out at the black line recently (just after point C). As expected,…
DRD Ready To Fly?
Historically there is an established pattern of credit extension, during which the Dow benefits proportionally more than Silver prices do. Once the Dow’s rally has run its course, Silver prices catch up while the Dow corrects or goes sideways.
Ammunition to keep silver prices low is virtually depleted.
This Will Signal A Massive Gold Stocks Rally
Silver is still in consolidation mode since early September, but could be close to a resolution.
The coming leg higher is the one that will likely take prices to all-time highs.