May 20, 2021 - (Gold Market Wire) - As Silver is consolidating its recent gains, we take the time to sketch out the trend line to see what the shape the advance is taking. Right now we seem to be in a consolidation stage, preparing to move higher. The trend line we are drawing has a good history and deserves our attention.

On March 22, we can see how this trend line indicated the break down very accurately. Then, the challenge to better it became a focus in mid-April and it took real power, on May 6, to get through, after which we rallied. Now we are retracing to see if it will hold. That challenge is being mirrored in Gold's position at present, where significant horizontal resistance is about to be challenged. This time around Gold may push us through.

That horizontal line in Gold takes us back to the start of the year, and frankly, is looking like a set-up to create a break out. Once we get through, it looks like $2,000 will be challenged in fairly short order. Right now, we look for Silver to hold and Gold to lead the way, by breaking through the horizontal line. These developments have the hallmarks of a bull market getting ready for the next move. The Precious Metals are strong. The aggressive can build length on the move up.