This Metal Is Heating Up for a Big Rally

It’s been going unnoticed. [Jeff Clark's Market Minute]( This Metal Is Heating Up for a Big Rally By Jeff Clark, editor, Market Minute Silver is in the early stages of what could be a very [bullish]( move. The price of silver has been in a stealth rally over the past few weeks. It’s gone mostly unnoticed, as many traders have been distracted by the action in cryptocurrencies, lumber, and skyrocketing non-fungible token (NFT) prices. But, the silver rally is heating up. And, it could make a big move... Soon. Recommended Link [Silicon Valley Insider Issues Urgent New Tech Investment Briefing]( [image]( This Is Your Opportunity To Share In $1 Billion Of Tech Stock Profits… [Click here to see the full details.]( -- Take a look at this chart… [(Click here to expand image)]( Silver has been in a wide, nine-month long trading range between $23 and $28 per ounce. It tested the lower end of that range in late March. And now, the price of silver is approaching the upper end of that range. It looks to me like silver is ready to break out to the upside of this trading range… The moving average lines on the chart have shifted into a bullish formation with the red 9-day [exponential moving average]( (EMA) above the green 20-day EMA, and the 20-day EMA above the blue 50-day [moving average]( (MA). This sort of “bullish crossover” often marks the start of an intermediate-term rally phase. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. You’ll notice the last time the silver chart showed a bullish crossover, [back in December]( the price rallied from $24 an ounce to above $28... A gain of 17% in about three months. This time, the bullish crossover occurred with silver trading at $26 per ounce. A similar gain of 17% would push the price up above $30 within the next several weeks. [This one stock could be the game changer you’re looking for]( Keep in mind, though, silver has been stuck in a trading range for nine months... There’s a lot of energy built up in this chart. So, if silver can break out to the upside of the range, then it could lead to a much larger rally than what occurred back in December. Most folks aren’t paying any attention to silver just yet. The action has been too quiet for too long. But, if silver can rally above $28 per ounce, the market will take notice. Traders should use any short-term weakness in the metal as a chance to buy. Best regards and good trading, Jeff Clark P.S. Last Friday, contributing editor Eoin Treacy sent out his first edition of [Eoin's Insights]( – where he briefly discussed inflation, and what he thinks will be the trades to look for post-pandemic. Luckily, Eoin will be posting his market analysis every Friday, so don’t forget to tune in. Today, he’s going to be sharing more of his trading ideas and off-the-cuff market musings. Check it out down below… Eoin’s Insights Hey, Market Minute readers. First, I would like to thank all the readers who sent in positive feedback about my first video last week – I hope my videos will help you make more informed investments. And now, I’ll be talking about the movement in bitcoin, the "cult" of Tesla, and the tech sector. Just click below to watch. All the best, Eoin Treacy Reader Mailbag Have you been sitting on silver for the past few months? Do you think it’ll be going higher soon, or will traders still be focused on crypto? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. 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