Silver - At A Key Inflection Point; Playing Catch-Up To Gold

While Gold remains in its high level consolidation, which is now starting to narrow, digesting its recent run into northern territory, Silver has caught a bid and is now playing 'catch-up' to the yellow metal and in the process, now finds itself at a key inflection point as we can observe from the Daily chart above.

With the Gold:Silver ratio recently ticking the 95 level, we're now beginning to see a shift in appetite via both investors/traders towards Silver, while Gold consolidates in a constructive manner.

Although Silver has further work ahead of itself from a technical standpoint, 'If and When' Silver can clear the $15.64 level and hold, such development would be a positive and likely ignite further upside into the 16-handle in short order.

Nonetheless, both Gold and Silver remain in the very early innings of a sea change taking place, where we expect both metals and those of precious metals equities to outperform in the weeks/months ahead, whereby we suspect that many of the stocks within the precious metals landscape may just provide multi-bagger returns throughout this bull phase, which we believe will be powerful.

Trade active:

$SI1! continues to perform well, just like $GC1!.

We are long-term holders.

Good luck to all!