SILJ Weekly and Silver Yearly Charts

I tend to agree with Patrick Karim that horizontal trend lines are most important. The weekly chart of SILJ is mine, but I suggest you follow the link to Mr. Karim’s fine work as well, it looks like the $31 level on the silver yearly chart going back to 1970 is a very important area. Above $31 is a massive breakout, no matter when the metal closes there. Could it happen by December 31st? Sure, its already there and just needs to hold, or go higher. Recall that we are in the strongest season of the year for gold and silver.

Don’t forget to visit Patrick Karim on X.