Greg Mannarino: Silver At the Edge of a Massive Breakout

silver precipiceIn his latest market update, Greg Mannarino states that silver is at the edge of a massive breakout, and that the metal remains the most undervalued asset in the history of the world- but not for long.

Mannarino states that we are standing at the precipice of a major upwards move in silver, and that the Fed will soon step in and increase the rate of quantitative easing and expand the scope of QE4, unleashing a flood of new counterfeited currency into the economy. 

Mannarino examines the cup and handle on silver’s weekly chart, and believes silver will run to $38 nearly immediately once silver’s current consolidation near $31.80 is able to take out $32 to the upside.

Silver- at the edge of a massive upside breakout? Mannarino’s full update is below:

 

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