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Silver explodes from compression as momentum flips
Whether pre-emptive ahead of the reopening of mainland Chinese markets, assisted by renewed trade tensions following the SCOTUS reciprocal tariff ruling last Friday, or a combination of both, silver has staged a violent breakout from the symmetrical triangle it spent much of February coiling within. Convention suggests we may now see a retest of the upper boundary near $92.20. To me, that level looms as highly important. We’ve already seen the sequence of lower highs broken, but if silver can push through $92.20 along with $92.88, another notable level coinciding with the 50% retracement of the January-February ... (full story)