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Silver has busted out, slicing through its 2016 high of $21.23. The poor man's gold took out our first upside target of $19.25 per ounce on July 9. It is now within a stone's throw of our next upside objective of $22.00. A break above $22.00 will set the stage for an assault on our next objective of $25.00 per ounce. Rising inflation expectations due to the anticipation of trillions more in financial stimulus could mean even higher silver prices sooner than most expect.