Mike Roy, an independent precious metal technology analyst, stated that silver's quarterly and semi annual closing confirmed an upward trend. He pointed out that the bull market flag shaped by silver since the new coronal epidemic has broken through significantly. Looking ahead to the future, silver prices will outperform the US stock market and enter a super bull market.

Mike mentioned, "The pessimism about silver on social media remains strong lately, but if you notice, you'll find that most analysts are speculators trading based on short-term charts."

He continued, "I prefer a long-term investment perspective. In my opinion, from a technical perspective, the prospects for silver have never been so bright."

From a quarterly perspective, we can see that the silver price continues to break through the bull market flag formed by the low point of the COVID-19 epidemic. It is worth noting that despite many opponents, silver prices are expected to close at $4 higher than the previous quarter and about $10 higher than the low point in 2022.

"It seems that no matter how fast silver prices soar, there are traders who are determined to fall behind," Mike emphasized.

He further pointed out that from a six-month perspective, silver seems to have broken through a larger flag shape and steadily risen to around $100.

"This is a historic development, and the only question in my mind is whether we should retest the shape of the flag or continue to rise."

"The competition between silver and the $30-32 region may answer this question. I also want to point out that silver is expected to reach its fourth highest six month closing price in history."

"The previous three highest closing prices were all at the peak of the bull market, but this time silver has just begun."

Finally, as an additional chart for this week, observe the quarterly chart of the Silver/Dow Jones ratio and note that it will confirm a significant breakthrough.

Mike concluded, "From a historical perspective, when silver performs better than stocks, it enters a huge bull market."