Silver is making a nice move toward 30. Once through, that key level can become the new floor, similar to what has happened with the gold chart. The process might take a while, but it's looking good. The miner's charts have lagged vrs bullion, but it could be catch up time.
The TA / chart 'rules' say that the longer it takes for a chart pattern to develop, the more dramatic can be the ultimate breakout and subsequent move. Gold and silver both formed bullish cup + handle formations over the last 12-14 years, followed by bullish inverted head + shoulders since 2020. So when the breakout and run up finally arrive, as they are now, it can be prolonged and dramatic.
On the stock side, I'm figuring the main indices will put in reasonably convincing new highs before the pullback arrives. Fwiw, I re-upped my stock exposure earlier in the week (S+P 500), so might as well grab some of the upside while it's available. Once the RSIs hits 70 (probably tomorrow or early next week), then it might be time to peel off some profits. I'd rather stay long term buy / hold, but this year is so full of landmines (geopolitical, war, election, economy, inflation, etc), I figure it might be better to just periodically take profits when they build up.
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