🏆 Today's Chart of the Day was shared by Jay Kaeppel (@jaykaeppel).
- Silver is flirting with all-time highs after enduring a double-digit correction in recent weeks.
- The metal is completing a 6-week Cup & Handle pattern on top of a much larger 45-year Cup & Handle pattern dating back to the 1980 peak.
- Silver has also set the stage to outrun Gold with the Silver/Gold Ratio breaking out to fresh 52-week highs today. As Jay notes, the risk is skewed in the bull's favor above the October peak.
The Takeaway: Silver is breaking out across multiple time frames and set to outpace Gold as it emerges from a six-week Cup & Handle pattern on top of a much larger one.
