This has been coming for a while, but the reliable ‘arc’ basing formation has given us plenty of warning. Declining resistance is behind us. Next up – $21. I think we are likely to pass through that and move into the mid to upper $20’s before this particular move is over (in conjunction with the gold spike well above $1900). A re-test of $21 is quite possible after that.

Needless to say, the silver miners (especially the juniors) are going to see huge gains. I do mean huge.