SILVER Still Stuck in a Channel

Despite the inflation narrative gaining strength in the past few months, the price of silver has been trading in a narrow range since August of last year. In other words, silver has been trading sideways for almost a year! Nevertheless, silver has been trading in an ascending trend since last year. We continue to make high lows, which is a bullish indication. However, I would like to see a silver breakout from this channel above 30 per ounce. If this happens in the coming months, silver will look very bullish, and more buyers will jump into the trade.