We are further seeing extremes in the silver market. As the charts below point out silver hedgers are betting bullishly on silver and the stocks could follow.

The charts are courtesy Chris Kimble at Kimble Charting Solutions. Click here to visit Chris’s site.

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Silver breaks out, haven’t seen this in a while!

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This chart from Sentimentrader.com looks at the positions by Silver hedgers. At this time a very crowded trade is in play, an 18-year extreme. If history is a guide, Silver is currently closer to a short-term low than a high.

Silver, Gold and Mining stocks have not had much fun this year, as all have declined a large percentage. The declines in Silver and the SLV/GLD ratio have created potentially bullish falling wedge patterns over the past few months.

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This week SLV and SLV/GLD are working on short-term breakouts, while momentum is deeply oversold.

Sure haven’t seen this price action in a while! Hi-Yo Silver Time? Sure could be!

If you are interested in taking advantage of the opportunities in Gold, Silver and Minning stocksat this time, give our Metals report a try!