Why a Big Breakout Might Be Ahead for Silver

The video discusses the recent performance of silver, often referred to as 'poor man's gold,' which has seen significant gains over five consecutive days, marking its best performance since 2016. The gold-silver ratio is at a 30-year high, prompting interest in silver's potential to catch up with gold. Historical comparisons are made to 2010 and 2011, where silver followed gold's lead. Technical analysis highlights key resistance levels for gold and silver ETFs, with silver showing potential for a breakout. The video also examines the volatility in silver markets, noting increased open interest and the implications for investors.

What recent trend has been observed in the gold-silver ratio?

What significant level is silver trying to hold as support?

How does the current performance of silver compare to gold this year?

What historical context is provided regarding silver's performance in 2011?

What does the recent increase in silver VIX indicate about market sentiment?