This morning’s futures chart (daily) shows silver clearly taking out the minor resistance of the 2019 high.
If the breakout is real (i.e. not a bull trap head fake) the next objective is the 2016 high of 21.23, otherwise known as the cyclical bull market gateway.
If silver gets through the gateway the pattern’s measurement of 24-26 would be the next objective. Notice on the monthly chart the down spikes from 2011 and 2012 at 26. That is the first resistance that silver would encounter if it does bull and hence, it would be our target.
