This Unloved Metal Is Primed for a Breakout

It’s just a matter of time. [Jeff Clark's Market Minute]( This Unloved Metal Is Primed for a Breakout By Jeff Clark, editor, Market Minute Gold and gold stocks have gotten all the attention over the past few weeks – for good reason. Gold is up over $100 per ounce since the beginning of February… The VanEck Vectors Gold Miners Fund (GDX) is up almost 17% – in just one month… So, it looks like this is just the beginning of a major move higher for the precious metal stocks. But while everybody is watching the gold sector and trying to decide if they should chase the stocks higher into overbought conditions, there’s an even better opportunity shaping up in the silver stocks. Let me explain… Recommended Link [[Bombshell Claim] The ONLY Stock You Need to Retire Wealthy]( [image]( Silicon Valley trading millionaire says… “FORGET 99% of the Stock Market… Trade ONE Stock… ONCE Per Month – Over and Over Again!” He’s recommended REAL gains of 100%, 228%, and [373% in just 8-days – in any market condition.]( Leveraging a trading secret he’s used for years… helping over 171,000 regular people… It’s called: The [“One Stock Retirement”]( – a trading breakthrough to help anyone collect triple-digit profits regardless of trading experience, location, starting capital, or market condition. [Click here, it’s all revealed in this exclusive interview…]( -- Gold and silver tend to move in the same direction (as do gold and silver stocks). But silver is a little slower to get going. When people get interested in buying precious metals, the first and most obvious metal they turn to is gold. Then, once gold and gold stocks have popped higher and reached overbought conditions, buyers look for opportunities in other metals. That’s when silver gets the chance to play catch up. We’re approaching that chance right now. We started this week with the average gold stock up about 10% so far in 2022, while the average silver stock was down 5%. But it looks like that’s about to change. Take a look at this chart of the Global X Sliver Miners Fund (SIL) – an [exchange-traded fund (ETF)]( holding stocks in major silver mining companies… [chart] [(Click here to expand image)]( This chart appears to be forming an inverse head and shoulders pattern. This is a [bullish]( pattern that often signals a reversal in trend from a [bearish]( phase to a bullish phase. The head of the pattern is the late January low at $32 per share (H). The two shoulders are the January low (left S) and yesterday’s low near $34 per share (right S). If this pattern plays out, then SIL should find [support]( near the current price (around $34). 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. It should immediately rally back up towards resistance at $37 (the neckline of the pattern). And if SIL can break out above $37, then the objective target of this pattern is the November high near $42. Adding strength to the bullish argument is the fact that SIL has made a recent series of higher lows. And the various moving averages are shifting into a bullish configuration – with the short-term [exponential moving averages]( (EMA – red and green lines) crossing above the long-term 50-day [moving average]( (MA – blue line). [New Cash Law Will Be Disaster for Savers]( The last time the SIL chart showed a similar setup in the moving averages was last April, just before SIL bolted 20% higher in about a month. A similar move this time around would have SIL trading above $40 per share by the end of March. Of course, there’s no guarantee it’ll play out this way. But given the recent strength in the gold mining sector, it’s likely just a matter of time before the silver stocks start to play catch up. Best regards and good trading, [signature] Jeff Clark P.S. My colleague and editor of The Opportunistic Trader, Larry Benedict, has been trading the markets for over 30 years. During that time, he managed his own $800 million hedge fund, where he had 20 profitable years in a row… And in just a couple weeks, a rare event is set to rock the market. Most folks are unaware it even exists, but he’s got a perfect track record during the event in his trading newsletter. He calls it [Wall Street’s “Black Friday.”]( It happens every three months, and an estimated $1 trillion is set to change hands. So on March 9 at 8 p.m. ET, Larry will reveal how you could get “in the black” for the whole year with just a single ticker. But, this unique opportunity won’t last long, so [click here to sign up](. Reader Mailbag Do you trade silver whenever gold starts to rally? Or do you mainly stick with one metal? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. In Case You Missed It… [You Could Lose 90% of Your Savings When the Rubber Hits the Road]( Soon a deadly economic force could drive the price of tires from $120… to $1,200 PER TIRE! Few people alive today have seen this force before… Yet each of the 30 times it struck throughout history… Once-upstanding citizens, with plenty of money, were thrust into poverty. [Follow this simple action plan]( – and you’ll be able to protect your family. You could even emerge from this crisis much richer than you are right now. [Click here for full details.]( [image]( Get Instant Access Click to read these free reports and automatically sign up for daily research. [The Ultimate Guide to Taking Back Your Privacy]( [An Insider’s Guide to Making a Fortune from Small Tech Stocks]( [How to Earn Free Bitcoin]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. 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