Silver has recently broken out of an extremely important level.<\/p>\n
In fact, this breakout could be the catalyst that leads silver back to its previous all-time highs of just under $50.<\/p>\n
For context, silver is currently trading around $32.<\/p>\n
Not for the Faint of Heart<\/h2>\n
The last time silver traded anywhere near $50 was in April 2011. That’s why this recent development is such a big deal.<\/p>\n
But I must warn you… silver is not<\/em> for the faint of heart. Trading and owning silver are not for everybody.<\/p>\n The volatility in silver can be quite intense. So, if you like the analysis I’ve prepared for you on silver, just keep that in mind.<\/p>\n You can always stick to gold, which both Jeff and I expect will continue appreciating strongly over time as well.<\/p>\n With that said, let’s look at a price chart of silver below so I can share what I see.<\/p>\n <\/p>\n I’ve labeled the key breakout that silver has recently completed.<\/p>\n That breakout took place on May 17, when silver took out the $30.13 level.<\/p>\n This level has kept a lid on the price of silver since February 2021. It’s taken over three years, but silver has finally breached this key level.<\/p>\n That’s a very strong sign of intent from silver bulls. And it’s all part of the next commodity supercycle I’m forecasting<\/a>.<\/p>\n Now this doesn’t mean the ride back to $50 is going to be smooth sailing. It almost certainly won’t be.<\/p>\n Silver is notorious for having big swings in both directions. I fully expect that pattern to continue.<\/p>\n <\/p>\n![\"Image\"](\"https:\/\/cdn.jeffclarktrader.com\/JMU\/images\/202405\/20240524-JMU-01.png\")
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