Here is an important update on silver and silver mining stocks.

Silver
May 29 (King World News) – Graddhy out of Sweden:  Silver has many bullish signs right now.

It gapped above blue line and is now backtesting it. Noted the setup and we got the breakout.

KING WORLD NEWS NOTE: Silver Consolidating After Upside Breakout. Odds Favor Upside Continuation

And as said, silver now also has that higher high above day 15, so it now has a higher high and a higher low in this advance, i.e. a confirmed trend change to the upside.

Plus, a daily cycle low day 27 is now confirmed, which is bullish as the daily cycle is right translated, since that indicates that silver is in second daily cycle up from a (somewhat weird) weekly cycle low.

So all in all, looks bullish, right here, right now.

Silver
Graddhy out of Sweden:  Silver is still holding pink trend line. Still a very good looking chart.

KING WORLD NEWS NOTE: Post-Breakout Silver Is Headed To All-Time Highs, It’s Just A Question Of Time

Still a historical, very normal looking setup.

This is not a chart setup to underestimate.

Silver Miners
Graddhy out of Sweden:  GDX is already up near the all-time highs. SIL (Silver Miner Index) has now broken out and should follow GDX. Still, with a chart like this and all the other charts I have shared, many do not believe. That is typical and how it always is; most cannot change their mindset when the market changes character.

KING WORLD NEWS NOTE: Silver Miners Breaking Out On The Upside. Again, Odds Strongly Favor Continuation Pattern

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