Silver Breaking Out – Soars Through $19.80!

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Silver has SURGED through $19.80, and is setting its sights on $20/oz…

 

*Update:
Silver has now jumped over 7%, Up $1 On the Day, and is Merely Pennies Away From $20/oz:

silver chart

 

 

When silver lagged behind gold’s big move following BREXIT, we cautioned that silver had more overhead resistance to work though, and the cartel would like to see silver remain below $18 prior to Wednesday’s options expiration.

Well, July silver options expiration has come and gone, and silver has been unleashed.

With tonight’s breakaway move (we have a last of $19.33), silver is now up nearly $4 (25%!) for the month of June!

June Silver

 

And has literally nearly climbed off it’s own 24 hour chart!

Silver 24 hour

 

Once tonight’s momentum cools off look for at least a quick retest of $19 before silver moves on to the first real test in its newly confirmed bull market- psychological and technical resistance at $20/oz. 

Like gold and the $1300 level, we wouldn’t be surprised to see silver take 3 taps before finally clearing $20 for good, at which point it will likely move rather quickly to the $26 level.

So much for the summer doldrums…

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Jim Sinclair Believes This Bull Move Will Ultimately Take The Price of Gold to $50,000/oz!!

Live and Historical Market Data, Charts, and PM Prices:
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