The monthly silver chart was showing signs of life even before the Fed’s minutes. Inflation is front and center. The pace of the Fed rate hike might be just slow enough to give silver traders some ammunition to expect higher price action. As I stated in previously, once the Covid-19 variants takes a back seat, silver will shine once more. Also, I have said before, one thing to remember is that rejection of the downside from these price levels (which is playing out in this week’s sessions) will result in a strong rally. Seasonal support should come in to support silver right now. The $21.00 level continues to be supported. A break above the $23.50 range would likely extend really near $25.00. The long-term chart shows that you need above $23.50 to reject bearish price action entirely. Please give me a call to discuss strategies from these levels.