- Silver broke a multiyear sideways range in 2020 and moved up strongly. It has now consolidated for over a year in a sideways range again.
- While emotions might be weary, after such a long congestion the subsequent move will be significant and a breakout to the upside has a higher probability.
- Hence, with silvers' volatile nature, new all-time highs could be seen in 2022!
- Overall, silvers' inherent volatility can sustain, in times of market turmoil, extended phases of extreme standard deviation levels.
For further details see:
Silver Chartbook - Silver Is Moving Up