As we discussed last Tuesday, gold continues to lead the sector after breaking decisively above its 2011 and 2020 highs — confirming the start of a new secular bull phase.
The Miners have shown impressive relative strength, pushing through their own 2011 resistance earlier this year and continuing to trend higher on solid accumulation.
Now, silver looks ready to join the move. Silver is breaking above its long-term resistance zone — the same level that capped rallies in both 1980 and 2011. Bullish follow through here would mark a major technical milestone and likely ignite the next leg higher for the entire precious metals complex.
Cycle Trading 
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