After consolidating throughout the London session around $28.90, silver burst through resistance at $29, and exploded through $29.50 to $29.54.
Gold has also finally burst through it’s cartel cap at $1620, popping as high as $1641 in early COMEX trading.
Look for silver to quickly target $30, as it appears silver’s 15 month correction has completed.
Any retest of former resistance at $28.20-$28.35 (which could likely come tomorrow after the Fed minutes release) should be bought, as it looks like silver is ready to begin it’s explosive journey to new all-time nominal highs!
Gold is ready to retest Sinclair’s $1650 angel. From there, it will quickly target $1800, and after a likely battle there, should move to retest it’s August 2011 nominal highs near $1915.