Here Comes $20 Silver!

After a painful downtrend, silver has embarked on an unstoppable rally.

Now that its 5-year bear market is officially over, silver’s ready to make a run at $20 for the first time in nearly two years. That means double-digits gains are in the cards for one of your best performing silver mining trades.

I’ll reveal all the details in just minute. But first, let’s take a quick look at how precious metals have quickly become one of the best trades of the year…

Gold’s hogged the precious metals spotlight since it started ripping higher in February—and deservedly so. After all, gold is one of the best performing assets of 2016. It’s up nearly 25% year-to-date. To put that move in perspective, the mighty S&P 500 is just above breakeven on the year.

But silver hasn’t earned much ink from the financial press…

Sure, silver kept pace with gold for the first six weeks of the year. But in mid-February gold started to outshine its less lustrous cousin. At the time, gold and other metals were making the most dramatic moves. Earlier this year, we also had the opportunity to book gains on aluminum producers and miners as other precious metals surged.

Meanwhile, silver consolidated.

Silver didn’t jump to new highs until mid-April (that’s when we first hopped onboard for a longer-term trade). After another sharp pullback in May, silver is back in action. This time, it’s even sprinting ahead of gold…

If you own stocks, bonds, real estate or receive an SS check, read this!

Silver’s breaking out and not looking back. While gold is up 25% this year, silver’s 2016 gains have now topped 32%. After yesterday’s 3% move higher, silver is on a fast track to $20. Silver doesn’t give a damn about Brexit or the monster back-and-forth moves the major averages have posted this week. This is one of the cleanest breakouts on the market right now…

Of course, this week’s breakout also gives you another chance to jump into a hot silver miner trade.

Hop on this trade today and ride the next wave of the rally. $20 silver is in sight…

Sincerely,

Greg Guenthner
for The Daily Reckoning