Last month I posted a monthly chart pointing out a large and obvious symmetrical triangle that had formed on silver since March 2020. That chart pattern has now entered its fourth year and has neither broken down nor broken out. Lets trust our senses in such a case and apply patience rather than trying to anticipate moves before their time. Silver will have its day. Nobody doubts that. And when it comes I imagine it will be a glorious and noteworthy move.

While we wait though it can sometimes be frustrating (and costly) to be buying and then selling as price works its way along a fairly predictable course. But keep this chart in mind and try to exerise patience. The most important element here is time and that element above all is what is driving some in the precious metals community to madness. There is a terminus to this pattern coming by year end though so there is not that much longer to wait. Trust the chart and prepare to buy when the breakout arrives.

Until then….keep your powder dry and keep your sanity intact! Here is my updated chart. Hope it helps.