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Gold recently ripped through $3,000 an ounce, and that trade was a home run. The question now is: What’s next? Take a look at the iShares Silver Trust (SLV), suggests JC Parets, founder of AllStarCharts.

When gold makes a big move, the rest of the commodities market plays catch-up. And that’s exactly what has been happening.

Copper has recently been knocking on the door of new all-time highs. Meanwhile, silver has been testing a 13-year breakout. Take a look at the size of this base:

The big money has already started shifting — are you paying attention? Last year, Jason Perz and I laid out the gold trade before it exploded. Now, we’re tracking the next wave.

If you missed gold’s recent move, you don’t want to make the same mistake again.

About the Author

JC Parets is the founder of All Star Charts and one of the most widely followed technical analysts in the world. All Star Charts is a research platform for both professional and retail investors, covering US and international stocks, interest rates, commodities, and forex markets.

In 2017, Mr. Parets launched "Technical Analysis Radio," a podcast dedicated to technical analysis and the technicians who practice it. He specializes in finding the most opportunistic risk vs. reward propositions, while at the same time bringing a top/down approach to the marketplace.

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