21Apr3:34 pmEST

Silver: Bring it in for the Real Thing

As Bitcoin continues to correct, the precious metals and miners are heating up and having another go at a breakout higher. Specifically, silver, which has been leading the group, including its premier miners like AG CDE EXK HL PAAS SSRM, are all threatening fresh breakouts.

CDE, below on its updated daily chart, illustrates this point, repeatedly knocking on the door for a $10/$10.50 major upside breakout after months of sideways basing above a rising 200-day moving average. When this goes, it should go and not look back for a good while. 

And when some long overdue profit-taking in Bitcoin and most crypto, it would not surprise me to see silver find a home for that money in the near future. 

The reason why I continue to harp on these charts is due to their overall strength--With the way the crypto folks have been slamming precious metals (and miners by inference), one would think they would be free-falling and leading lower. Instead, the premier silver miners continue to coil and look as though they are just waiting to be handed the baton to sprint ahead of Bitcoin in a relay race. 

Walk it Back Go on the DASH Diet This Sum...


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