Sometimes the weekly charts just are not big enough to get that real big picture and the monthly chart is the place to look. Here on this chart, compliments of tradingview.com you can see how silver is still consolidating the run up to the 2020 highs. That consolidation is getting long in the tooth and you can see that we are now moving higher after breaking out from a six month trading range. The stochastics on the bottom have crossed and are still in oversold condition. The set up for the year heading forward looks quite well for Silver and I would say a break above thirty is very much in the cards, however I never get too excited with metals as they are a top target for downward manipulation.
