At the same time that gold broke out of a coiling pattern to the upside on Friday, silver broke out of a Symmetrical Triangle pattern shown on its 6-month chart below. Volume was lacking on this breakout, however, and the same reservations that apply to the outlook for gold also apply to silver, namely that its COTs look more bearish then bullish, and that Hedgers positions in the dollar index are still calling for it to rally. On the other hand, gold proxy GLD did make a volume breakout on…