The Next Breakout Charts in Silver and Gold

by Jordan Roy-Byrne
Silver Seek

Gold has broken out from a super bullish cup and handle pattern. This breakout is historically significant as it has tremendously bullish implications over the next decade.

However, Gold breaking above $2100 is not quite a risk-off signal for the entire precious metals sector. At least not yet.

The breakout has started to pull Silver and the miners higher, but Gold remains the leader.

The next signal to watch is Silver breaking critical resistance at $26.

We plot the monthly charts of Silver and Silver against the foreign currency basket below.

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