Silver is Shining Brightly

Silver nearly completed a Head-and-Shoulders Bottom today. It is currently at resistance. A close above $21.50 tomorrow would confirm a breakout. The trading volume has been elevated, which is what you want to see on a H&S right shoulder. H&S patterns are some of my favorite because they are relatively easy to trade, and 71% reach the target.

The demand for physical silver is as high as it was during the GFC. Given the heavy declines in registered physical silver at the COMEX, it's only a matter of time until silver is squeezed higher. If not now, then later.

Best of luck, silverbacks.