Silver prices have been moving higher for several months now and appear poised to test major breakout resistance.
Could the reward for Silver bulls be a massive breakout higher?
This is possible when one considers the mother of all bull flag patterns that has formed over the past 11-years. See the “monthly” chart below.
As you can see, silver remains inside of its 11-year falling channel and is eyeing overhead resistance at (1).
Should a breakout occur at (1), it would increase the odds that it is Hi Yo Silver time for bulls!