From a cycles perspective, gold put in an intermediate low 2 weeks ago, and we should therefore have another 10-15 weeks before we see a top.

Silver peaked on August 3, 2020 after a massive price spike off of the Covid-crash low.  I’ve noted, ad nauseam, that silver has historically had to consolidate for about 1.5-2 years before the prior peak is broken.  So it’s possible that while silver may rally here, it won’t be able to break above $27-28 resistance yet again, and we will have to wait for the next intermediate cycle for silver to make a run to $40+.

Because I understand that the economic milieu is indeed probably unlike we have ever witnessed in our lifetimes, I am willing to concede that this time may be different, and that silver can start a massive move back up to its all time highs starting now, i.e., the typical 1.5-2 year consolidation will be shorter.  But in no way would I bet heavily on it if I needed the money in the next 6 months.