Yellen is signaling, “Trust FedNow, or a Digital Token, or our new Central Bank Digital Currency instead of community banks who I just told you are involved in fraud.”
Since April, silver has been banging its head on $32.50 (Comex front-month contract price basis). In my opinion, if it breaks over $33 and holds, it will trade toward $40 very quickly.
Silver did break above a long-standing resistance zone near $33. The pullback this past week seemed to be testing that breakout. It should act as support.
In conclusion, silver's recent breakout above $32.50 appears to be the beginning of a major bull run, but there are several key factors to watch moving forward.