The daily bar chart for May silver futures (SIK25) shows that prices are trending up and have just hit a 4.5-month high. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is moving into a bullish posture amid a bullish line crossover.
My bias is that silver will continue to be supported by safe-haven demand amid a highly uncertain global economic environment. Also, the fact that gold prices (GCK25) are at a record high, while silver prices are still well below their own record highs, suggests silver has more room to run on the upside.
