BAML Says Silver Breakout Is For Real

With a silver breakout occurring, the metals market might start to receive some shine, says a Bank of America Merrill Lynch technical report out Tuesday. Silver in particular is looking like it could begin a bull move higher.

Recent silver breakout could indicate further trending behavior to come

The recently weekly price chart of silver looks, in part, like the historical performance of the Chicago Cubs: A continuing series of lower lows and lower highs.

But something different may be afoot, as a rising trend pattern might be indicating a test of key resistance. Using a break-out pattern...