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Anyone who has spent decades watching the price action in the silver market knows that the precious metal that is gold’s little brother loves to both overreact and underreact to market conditions. Silver can sit in an almost comatose range for long periods. When it decides to move, watch out, because the percentage declines or rallies are often shocking.
Silver refused to follow gold to the upside during the second half of 2019 and in early 2020. Silver did rally but could not move to a level that established a technical breakout like the yellow