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Silver Miners 8-Year Breakout In Play!

Courtesy of Chris Kimble

Its been a long struggle to move higher for Silver Miners ETF (SIL) as it has created a series of lower highs since 2012.

Is the long-term trend for this ETF about to change? An important move is taking place of late!

This chart from Marketsmith.com reflects that SIL strength of late has it breaking above 8-year falling resistance and 2017 highs at (1).

While this bullish breakout is taking place, relative strength continues to move higher as well as long-term moving averages.

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