Comex Silver, Breakout Coming Silver now over 30 dollars again. Instead of forming a baseline between 26 and 30 dollars, or 30 to 35 dollars, we have repeated attempts to breakout. So far I see a mid range between what I predicted, albeit, a very volatile one: 28 to 32 dollars. Breakout above this range will be a real fireworks display. My conservative side tells me this will happen once rate hikes start. Frack the FED.
Interesting that Shanghai silver is above this level already. Hard to read them tea leaves. Shanghai shows the way - higher.