Yesterday silver broke above the falling resistance line from the top in 2011 which does indicate that the current 3 year long bear market in silver is over and that a new bullish phase may be beginning:
It’s important to have in mind that this potential breakout is from the most oversold levels in silver ever, this is a potentially explosive situation. Last time silver turned from such oversold levels it rallied 320% i just 8 months, a move like that takes silver to about $65/oz shortly….