Courtesy of Chris Kimble
Is it Hi-Yo Silver time for Silver Minning stocks? Could be!
This chart from Marketsmith.com reflects that Silver Miners ETF (SIL) is working on a breakout of an 18-month trading range at (1).
As the breakout is taking place, relative strength is attempting to turn up.
A long-term moving average bullish crossover took place about 90-days ago, which is a positive for this hard-hit ETF.
Any other positive messages being sent by mining stocks? Yes! The GDXJ/GDX ratio is breaking out of late, which historically sends a positive message to the mining sector!
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