In fact I am just have a chuckle to myself right now looking at my screen and asking "When Will Silver Explode"....WHY?
Well instead of TRY to explain it to you in layman's terms, how about I post a chart....
It seems that silver is already exploding as you can see on the chart above, silver was trading in an ascending triangle pattern for months before it decided to breakout. Since then, we have skyrocketed up to nearly $34 today. A pretty impressive move I must say! I did post further thoughts on this in our VIP MEMBERS SECTION HERE!
Technically its a great move especially if you trade silver futures or own the physical stuff like me. But there are more things going on (technically and fundamentally) that you probably do not know about.
Now I will be the first one to admit silver has probably over extended itself in the short term on the charts, and we have not seen a move like this in quite a while in commods. But take this as a warning sign to watch silver in the coming months.
Will silver explode higher, or when will silver explode higher, I do not know, but I am really taking a liking to the silver chart right now.
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