Today the price of silver is soaring once again and the gold bull continues to be unleashed.

KWN will be interviewing legend Pierre Lassonde this week. Until then…

The Streets Are Lined With Silver
July 22 (King World News) Top Citi analyst Tom Fitzpatrick:  Silver continues to break good levels independently and against Gold suggesting it can continue to do well on an absolute and relative basis. Silver has just broken above major resistance at $21.14-$21.34, which held in both 2008 and 2016 but not in 2010.

If Silver Closes The Week At These Levels
That Will Trigger $28 Price Target
(Click On Any KWN Chart To Enlarge It)

New Silver Price Target
A weekly close through here if seen would open up the way for further gains towards our $28 target. Interim resistance is met at $25.10 and the $26.15-$26.18. In addition, Silver continues to look likely to outpace Gold in this move…

To learn about one of the most exciting silver plays in
the world click here or on the image below

Gold/Silver Ratio
The Gold/silver ratio reached the 200 week MA (82.46)  somewhat quicker than expected and also touched the 55 month MA (81.02). It is possible we could see a pause around these levels.

Once Gold/Silver Ratio Decisively Breaks Below 81
That Will Trigger A Collapse To 65 Area
(Click On Any KWN Chart To Enlarge It)

That Would Be The First Time For Silver In 7 Years
However, a monthly close below the 55-month MA, if seen, would suggest the danger of an even deeper mover towards the 200-month MA at 65.61 and continued significant Silver outperformance. IF seen, it would be the first monthly close below the 55-month MA in over 7 years.

Gold Bull On The Move
Fitzpatrick is also very bullish on the gold market (see below).

The $1,921 All-Time High On Gold Remains Our Target
Although We Expect Much Higher Levels Over Time

Also, make sure to read today’s article: Look At What Is Fueling The Rally As Gold & Silver Remain On A Tear CLICK HERE.

***To listen to Dr. Stephen Leeb discuss the gold and silver markets finally breaking the chains of manipulation and surging toward the coming mania as well as why the Chinese will be propelling prices higher click here or on the image below.

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