Silent as a Mouse

Another impressively strong session for silver today. And another session where silver's strength is met with apathy. 

On the first monthly chart, below, for the silver metal ETF, you can see the long-term strength reemerging after a fourteen year hiatus. The horizontal light blue line shows the ETF holding above a key level dating back over a decade, finally converting it back into support.

Even with gold's rally to new highs in recent quarters the investing public remains lukewarm, at best, about the metals being an exciting opportunity. And silver is even further behind gold in that regard, not to mention obscure (to retail) metals like palladium and platinum. 

Typically, this combination is strong, improving, resilient price action after an extended period of underperformance coupled with downright apathy from not just retail but also plenty of fund managers, is a winning formula for a multi-year bull market still in its early innings (hey, it is Opening Day for baseball, after all). 

With silver surging, keep an eye on the bull-flagging AG, a smaller Canadian silver miner on the second daily chart.