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Clive Maund: “silver should break out of this base to enter a dynamic advancing phase.”

TSI editor’s note: Market and chart analyst Clive Maund argues for a strong upward trend in the silver market.

“Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past 2 years, but this is normal during the earliest stages of a major sector bullmarket when gold is favored over silver. On its 20-year chart we can see that silver remains stuck within a giant base pattern that started to form as far back as 2013. This chart makes clear that once gold breaks out to new highs against the dollar, then silver should break out of this base to enter a dynamic advancing phase.”

Continue reading at https://www.clivemaund.com/article.php?id=67

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