August 7, 2025 - (Gold Market Wire) - Last Friday's reversal signal has been shown to have momentum, as Silver takes out the main downtrend line and gets ready to aim for $40 /.oz. The chart paints a highly positive picture.

Peace or War in Ukraine and Europe... Tariffs or Sanctions ... or both or none. The Monetary system is a mess. The race to the bottom, aka devaluation to forestall debt default, is in full play, and Silver is where the Alpha is.

The Zoom out:

The scene is set for an end-of-week rally towards $40. The technicals and ti ming are comng together to create a very positive environment. If we stay above the downtrending line in our chart, Friday has a good chance to produce some fireworks.

Silver Position: Length.