Chips are holding back zincThe only thing holding back the price of zinc right now is the chip shortage. The chip shortage is holding back automobile production which is holding back zinc demand. When the chip supply is increased, pent up demand for automobiles will drive the price of zinc up to its next resistance around $1.40, and then it will push to my target of $1.50. The current price action is forming a major support level in the $1.25 to $1.30 range. This will be the foundation for the next price jump.
