Silver peaked in 2011 and even though it has rallied this year, it remains 50% below its peak of 5-years ago.
What would it take to erase more of the 50% decline? How about a breakout at (1)! Below is an updated chart on Silver over the past 18-years.
CLICK ON CHART TO ENLARGE
The rally in Silver so far this year, has it facing what could be its most important price point, in the past 5-years.
Silver futures are facing a key inflection point/breakout test at (1) above. Silver still remains in a downtrend (lower high and lower lows).
If Silver can breakout at (1), it could become attractive to a number of people and buyers could step forward.
The Power of the Pattern humbly feels, that if Silver can breakout, it has the potential to be Hi Yo Silver time!