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.
![https://hotcopper.com.au/data/attachments/4932/4932555-e1cea331d6c7554288e67a8fa7c8e0a5.jpg](https://hotcopper.com.au/data/attachments/4932/4932555-e1cea331d6c7554288e67a8fa7c8e0a5.jpg)
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.
![https://hotcopper.com.au/data/attachments/4932/4932559-bfa1f21265a2effa3ffd3e539cd2b817.jpg](https://hotcopper.com.au/data/attachments/4932/4932559-bfa1f21265a2effa3ffd3e539cd2b817.jpg)
With many of the factors that have put downward pressure on Gold and Silver now being lifted, 2023 could be the year for Silver.