This chart looks at the iShares Silver ETF (NYSE:SLV) over the past 7-years. Since 2011, SLV has remained inside of a well defined falling channel.
For the first time in years, SLV is breaking above this 5-year falling channel at (1). Its been a long slide for SLV, which saw a nice, large, weekly move, as it took out dual resistance.
Full Disclosure: Long SLV