7.5yr RSI trendline observations (monthly)

COMEX:SI1!   Silver Futures
As illustrated via the solid blue RSI trendline , monthly futures have been accumulating pressure for about 7.5yrs. In our view, a monthly close above $16.15 would result in large capital inflows not seen since 2003. Risk associated with entering at present levels may be partially mitigated with a timely exit if weekly values close below $14.75. From a purely geopolitical perspective ( gold/silver ratio , price history and mining supply conditions aside), silver securities offer credible hedge value.
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