Silver Lining:
Silver was a solid actor Wednesday, up better than 1% as its precious metal rival gold was UNCH, an interesting divergence. It normally has a strong correlation with another commodity in copper, and that has been the case since the start of 2025 as seen here. An alternate view of looking at the daily chart of silver is the bull flag that began at the round 30 number and a break above 33 would carry a measured move to 36 which would obviously clear the double bottom with handle trigger of 33.32 seen below. On its WEEKLY chart, it recorded a doji candle, just the fourth one in the last 2 years, two of which were inconsequential, and the end of 2022 example saw a quick thrust lower before the metal bounced at the very round 20 number. The MONTHLY chart shows how important the round 30 number is, as it is the level where a long cup base broke out from last May (notice how the number was a hindrance in August 2020 and February 2021). That wall of former resistance has now likely turned into support and the measured move is to 43.