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Is a Hi-Yo Silver bullish message about to take place in the short-term?

This chart from Marketsmith.com suggests that a breakout attempt from a bull flag pattern is being attempted.

Since peaking in August of 2020, Silver ETF (SLV) has created a series of lower highs, inside of this four-month falling channel.

This falling channel could well be a “bullish flag” pattern that is near completion.

If SLV succeeds in breaking above the top of this short-term falling channel at (1), it sends a bullish message to the Silver markets!