With the price of gold above $2,500 and silver trading at $29, this will only end one way.

August 22 (King World News) – Graddhy out of Sweden:  First posted this chart first back in late 2022, saying gold just had the 8 year cycle low.  Few believed it.  Also shared this chart at the end of 2023, saying gold was breaking out.  Few believed it.

Gold’s Breakout And Subsequent Surge Very Powerful

Silver’s Decisive Upside Break Out

It is extremely important to really understand that nothing matters but price. Absolutely nothing. You are not buying the mass media news, opinions in interviews, the why to intraday moves, or all the selling themselves narratives, you are always only buying price.

Silver
Graddhy out of Sweden:  Silver backtested small thin black line and is still holding $28.50 thick black line. Warned a backtest at around $26 was possible. Silver got to $26.50.

After big blue breakouts (shown below), silver has a history of moving big.

Silver Has Backtested Breakout, Ready For Big Price Surge

This is still a very, very good looking big picture chart.

Silver Playing Catch-Up
Graddhy out of Sweden:  I now think silver’s catch-up move has started.

Very big picture there is a massive divergence between Gold & Silver. Last time the two had a larger divergence like this, silver played catch-up big time. And this time, silver will break out of a 45-year cup and handle. So the over-shoot this time should be absolutely mega.

Silver Poised For Historic Upside Advance!

This Will Only End One Way
King World News note:  Continue to accumulate physical silver on any decent pullbacks because it is way undervalued vs gold. As far as the high-quality mining and exploration stocks, continue accumulating and enjoy the ride. It has been a long time since the entire gold and silver space has seen a violent upside advance. We are in the early stages now where the majors have already started their move, mid-tiers and juniors will follow. This will end in a mania.

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