Whether you call this a breakout from a right angled triangle or a breakout from the preferred wedge, I believe the long awaited breakout has occurred at last!
This move after a pull back could eventually see the price of silver on this daily chart go on to $25 to $30 very quickly! If this happens like I suspect, it will give an opportunity to take some profits by selling into this surge, in order to buy back again on profit taking!
Right now, the important thing is that "This is the important line to break" has been broken. This is an exciting time for gold and silver and we are all set for the coming resurection of the commodity markets!
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