Sliver has closed nicely above the descending channel resistance line near 25.08 and what we need now is a close above resistance at 25.40 that will call for a continuation higher to 30.00 and ultimately towards the all-time high near 50.00 and if this resistance is broken too, then a rally towards 100 should be expected.
Silver has been undervalued if relation to gold for a long time and could suddenly start to catch up and rally stronger than gold, but we haven't seen silver do that yet.
