Silver has just exploded out of the cartel’s 2 week long cap of $28.20, with a vertical move from $28.15 to $28.55, and 2 subsequent vertical moves taking silver to $28.81.
The vertical intra-day move is one of the largest moves we’ve seen in silver in several months.
It appears silver’s seemingly endless consolidation phase is ending, and silver is ready to embark on it’s next bull run.
Look for silver to retest the $28.20 prior cap, and then target the critical $30 level.
We hope you were backing up the truck during the boring multi-month consolidation/ base building in the $26-$28 range, silver appears ready to generate some excitement again!