For the past month, there has been a divergence between Silver and the broader stock market (signified below by the S&P 500). This is very positive for Silver as it could be the start of a de-coupling which could see Silver boom while the stock market grinds lower.
On the longer term chart, Silver could be ready to break out of the downtrend channel that has been in place since the COVID peaks.
With many of the factors that have put downward pressure on Gold and Silver now being lifted, 2023 could be the year for Silver.
