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Metals on the Move: Trade it! Silver nears major support, uranium breakout in full force

Commentaries & Views

As a Master Trader at, I have been closely watching the markets and analyzing various sectors for potential breakout opportunities. Recently, two commodities have caught my attention: uranium and silver. Both metals present compelling technical chart patterns that could lead to significant movements in the coming weeks.

First, let's talk about uranium. The price of uranium has been relatively dormant for quite some time, but it seems like that might be changing soon. The technical chart for uranium is showing a potential breakout to the upside. This is exciting news for investors who have been patiently waiting for a catalyst to drive the price higher.

But what is the reason behind this potential breakout? Well, it all comes down to the growing global demand for nuclear power. As concerns over climate change continue to escalate, it is becoming increasingly clear that nuclear power is the only option to reduce emissions in a meaningful way. Unlike coal or oil, nuclear power produces zero greenhouse gas emissions. This makes it an essential part of the solution to combat climate change.

As countries around the world look to transition to renewable energy sources, nuclear power is gaining traction as a reliable and efficient option. In fact, the International Atomic Energy Agency projects that global nuclear power generation will increase by over 50% by 2050.

Watch the full video for a comprehensive view of uranium and silver, and for continued expert analysis and trade signals, follow Gareth Soloway on Twitter @GarethSoloway and visit

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.